| The NAFTA Commission Report Sounds the Alarm |
| Sunday, 11 January 2009 | |
|
The study, to be released today by the Commission for Environmental Co-operation of North America warns of a "widespread crisis not confined to any one country or region." This comes despite a dramatic increase in the total area of protected lands across the continent. That's because North America's natural resources - from soil and forests to water and fish, and even clean air - are being consumed at a rate that cannot be sustained. The watchdog of the North American free-trade agreement is calling for a way to assess how long such use can continue before it's too late. "The health of an environment that sustains 394 million people and an economy worth $9-trillion (U.S.) is at risk," concludes the first state-of-the-nations report from the North American Commission for Environmental Co-operation, to be published Monday. It adds: "North Americans are faced with the paradox that many activities on which the North American economy is based impoverish the environment on which our well-being ultimately depends." As it stands, the internationally accepted system of national accounts fails to predict how long a country's environmental capital can be used, and at what rate, before parts of it collapse, the report says. "Unlike human or fabricated capital such as buildings and machines, the depreciation of natural capital is not written off against the value of its production," the 100-page report says. The planet's assets can be likened to a bank account, it says "By 'spending' natural capital without replenishing it, or by damaging processes and living systems that cannot be fixed by technology, we are living off our capital rather than the interest," the report says. That this urging should come from an environmental group set up by the NAFTA partners, Canada, the United States and Mexico, is a measure of how seriously the new economic research on this topic is being taken. "Because of the research, we are becoming more fluent and aware of the part that ecosystems play," said Janine Ferretti, the CEC's executive director. "They're the backbone of prosperity." Mexico has done a pilot study on calculating an ecological GDP. It showed, for example, that Mexico's GDP calculated the regular way logged an annual increase of 2.2 per cent from 1985 to 1992. The ecological GDP showed an average of 1.3 per cent because it took into account the depletion of natural assets. Both Canada and the United States have examined integrating measures of the economy and environment. The United States launched a study of the costs and savings of the Clean Air Act over 20 years, for example. Implementing the act cost $524-billion (U.S.), but saved the economy more than $6-trillion (U.S.). The fate of the cod fishery on Canada's East Coast is a perfect example of what happens when natural capital is not taken into account. Past governments encouraged the use of large fleets to catch and process fish to build up Newfoundland's economy. |
|
| Last Updated ( Tuesday, 17 February 2009 ) |