"Up to very recently, we
have been driven by the concept of GDP growth, and we haven't taken
into account the ecosystem services that nature provides to us as
part of that GDP growth. A friend of mine that was senior economist
at Deutsche Bank calculates that the cost of nature per year is
between 3 and 5 trillion dollars. This is nature's capital account
and we haven't been measuring in even though we have been drawing
from it. What does this mean?"
Speaker Lawrence Bloom at the 5th China (Taiyuan) International Energy Industry Expo at the
China Taiyuan Coal Transaction Center on Sept 16th, 2014.
