White House Launches Push To Craft Metrics For Valuing ‘Natural Capital’

The Biden White House is launching a major effort to measure the value of the nation’s natural resources in official economic statistics, an effort the administration says will better account for the benefits of limiting air and water pollution, improve economic metrics and prepare against vulnerabilities tied to a changing climate. “The quantity, condition, and value of nature . . . still remain a blind spot in the national economic accounts,” the White House said in its “ National Strategy...