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trillion by doing so, according to a World Bank report. Extreme climate-related events can reduce a property’s value by between 5-20%, according to the UN Environment Programme Finance Initiative (UNEP FI). Last year, UNEP FI published guidance outlining the kinds of resilient buildings needed to cope with new climate extremes.
Foundational texts in support of inclusive wealth include Cambridge economist Partha Dasgupta’s 2001 book , Human Well-Being and the Environment, and his Harvard counterpart Martin Weitzman’s 2003 book , Income, Wealth and the Maximum Principle. Inclusive wealth is measured by both the World Bank and UN Environment Programme (Unep).
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