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India’s plan to begin natural-capital and climate-risk accounting of its blue economy | Explained
By assigning a monetary value to marine fish stocks (found in both coastal and inland within exclusive economic zones or EEZs), India is moving towards measuring the wealth contained in oceans.
Context
The (MoSPI) has released a concept paper proposing an experimental statistical framework to assign monetary value to India's marine fish resources. This initiative, based on the UN (SEEA), aims to integrate 'natural capital' into national economic accounting, moving beyond traditional GDP measurements to reflect the true wealth contained in the country's oceans and the sustainability of its Blue Economy.
Exam Perspectives
Key References
AI-generated study notes · sourced from The Hindu