Connecting Environment and Economy

Yale professor Eli Fenichel discusses where, why, and how the environment is emerging as a primary driver of economic policy decisions both domestically and internationally. New initiatives like the U.S. Natural Capital Accounts and Environmental Economic Statistics program and novel approaches to benefit-cost analysis represent governmental efforts to formally link the environment and ecosystems with the economy. Fenichel places these in a global context by connecting them to related international efforts, such as the G7 and Global Biodiversity Framework.