Economics

Exclusive: António Guterres says world’s accounting systems should place true value on the environment

The global economy must be radically transformed to stop it rewarding pollution and waste, UN secretary general António Guterres has warned.

Speaking to the Guardian after the UN hosted a meeting of leading global economists, Guterres said humanity’s future required the urgent overhaul of the world’s “existing accounting systems” he said were driving the planet to the brink of disaster.

“We must place true value on the environment and go beyond gross domestic product as a measure of human progress and wellbeing. Let us not forget that when we destroy a forest, we are creating GDP. When we overfish, we are creating GDP.”

For decades, politicians and policymakers have prioritised growth – as measured by GDP – as the overarching economic goal.