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Natural
Capital: A Critical Foundation of Our Economy
National
Round Table on the Environment and the Economy
2004 Greening of the Budget Submission
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this 2004 Greening of the Budget submission, the National Round
Table on the Environment and the Economy (NRTEE) emphasizes
that Canada must take better account of the full range of assets
necessary to sustain a healthy society and economy. These assets
represent our nation’s “capital,” an economic
term first used to designate entities such as buildings and
equipment that ensured economic production in the future. This
submission stresses that other types of capital – in particular,
the environmental assets that provide the ecological “services”
that make life possible – are also important to our future
well-being. The concept of sustainable development requires
that future generations have the necessary capital of all types
– and certainly no less than we do – to pursue their
own goals. In order to uphold this principle, federal budgets
need to account for the full range of our national capital.
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Executive Summary
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Investing in Canada's Natural Capital