Sustainability: Wealth Accounting

This lecture by the instructor covers the topic of wealth accounting and sustainability, focusing on the wealth of nations. It discusses various approaches for testing sustainability, including wealth-based assessment and the state of the environment. The lecture explores the conditions for sustainable development, the importance of wealth accounting, and the role of natural capital. It also delves into the concept of genuine saving or adjusted net savings, providing insights into how countries can monitor their wealth and development over time. The presentation concludes with a discussion on stranded assets, climate impacts, and the redirection of financial flows towards renewable energy.