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- W2267821498 abstract "The Brundtland Commission has introduced a critical new dimension into our conception of economic development by raising the issue of sustainability of development. This definition determines intra- and intergenerational justice as principles for sustainable development. Universal access to basic water services is one of the most fundamental conditions of human development and therefore indispensable for a sustainable development. To determine whether we are working in a sustainable way, we need information about the condition of the system of the earth in which we are living. Irrespective of any uncertainties, it is necessary to identify the components of the system of the earth and of human society and to define indicators that can provide essential and reliable information about the systems. The adjusted genuine saving (AGS), an indicator developed by the World Bank, is a sustainability indicator based on the concepts of national accounts that can provide comprehensive information about the system shaping sustainable development. AGS measures the rate of savings of an economy taking into account investment in human capital, depletion of natural capital and damage caused by CO2 emissions. It tries to offer decision makers an indicator showing how sustainable their policy is. The actual AGS of the World Bank does not cover all assets of the earth system. The AGS does not consider water as a renewable resource. The aim of this paper is to present a modified AGSW considering water as the most important renewable resource asset. Water is natural capital that provides critical functions for which substitutes do not exist. Not considering water as a critical capital good could lead to a loss of prosperity and not receiving sufficient information about the conditions of the system of the earth." @default.
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- W2267821498 date "2003-08-09" @default.
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- W2267821498 title "Adjusted Genuine Saving and Water - A Measure for Sustainability" @default.
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