Climate regulation through carbon storage was worth A$43.2 billion to Australia in 2020-21, according to a report released today, 28th February, which seeks to put a monetary value on the benefits flowing from our natural assets.
Australia’s first national ecosystem accounts were released by the Australian Bureau of Statistics on Thursday. Together, they reveal the key ways our environment contributes to Australia’s economic and social wellbeing in dollar terms.
Ecosystems covered by the accounts include desert, grasslands, native forests, rivers, streams, coastal areas and oceans.
The accounts provide a holistic view of Australia’s land, freshwater and marine environments. They intend to help policymakers look beyond GDP to a broader measurement of how ecosystems contribute to society and the economy…
- Source: The Conversation
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