Mariana Martins Cardoso
- 24 September 2024
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 6, 2024Details
- Abstract
- The role of nature in economic activity is insufficiently incorporated in economic statistics. While economic growth in Europe in recent decades has been lower than in some other regions, it has been achieved alongside a reduction in pollution, and once these benefits have been accounted for, this growth appears more favourable. In 2019 the estimated value of ecosystem services in the EU amounted to over €234 billion. However, understanding how nature loss may affect future output requires more than just calculating the monetary value of ecosystem services, it is crucial to develop and monitor statistical measures that explicitly capture the evolution of nature.
- JEL Code
- D24 : Microeconomics→Production and Organizations→Production, Cost, Capital, Capital, Total Factor, and Multifactor Productivity, Capacity
E01 : Macroeconomics and Monetary Economics→General→Measurement and Data on National Income and Product Accounts and Wealth, Environmental Accounts
Q57 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Ecological Economics: Ecosystem Services, Biodiversity Conservation, Bioeconomics, Industrial Ecology