Renegade Economists Show #275
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Following on from last weeks interview on ecosystem services valuation, Karl interviews Dr Michael Vardon. Dr Vardon is a special advisor to the Australian Bureau of Statistics on environmental accounting.
Dr Vardon introduces the System of Environmental – Economic Accounting (SEEA), which has been in development since 1993 at a standardised international level, but is now part of official research. In time this information will help us understand our net carbon balance and our relationship to scare natural resources. On the show Dr Vardon takes us through the environmental values we do and don’t account for presently, and where we’re going with the SEEA in Australia.
As a bonus, here’s Dr David Suzuki on the failings of economics to account for environmental value that’s sampled in the show.