Nature’s Value: Integrating Environmental Assets into Economic Calculations, According to Báldi András and the Dasgupta Review,Hungarian Academy of Sciences


Nature’s Value: Integrating Environmental Assets into Economic Calculations, According to Báldi András and the Dasgupta Review

The Hungarian Academy of Sciences has highlighted a critical shift in economic thinking with the publication of an article titled “A természet értékeit nem hagyhatjuk ki a gazdasági számításokból – Báldi András a Dasgupta-jelentésről” (Nature’s Value Cannot Be Excluded from Economic Calculations – Báldi András on the Dasgupta Review). Published on August 18, 2025, at 13:15, this piece underscores the growing recognition that the invaluable contributions of nature must be fundamentally incorporated into our economic models and decision-making processes.

The article features the insights of Báldi András, a distinguished figure, who discusses the profound implications of the Dasgupta Review, officially titled “The Economics of Biodiversity: The Dasgupta Review.” This landmark report, commissioned by the UK Treasury and authored by a team led by Professor Sir Partha Dasgupta, argues forcefully that our current economic systems have systematically undervalued and degraded nature, leading to detrimental consequences for both the environment and human well-being.

Báldi András’s commentary, as presented by the Hungarian Academy of Sciences, emphasizes the urgent need to reframe our understanding of wealth. Traditionally, economic prosperity has been measured primarily through the lens of produced assets – machinery, buildings, and infrastructure. However, the Dasgupta Review, and by extension Báldi András’s interpretation, argues that this view is incomplete. Natural assets – the air we breathe, the water we drink, the soil that sustains agriculture, the biodiversity that underpins ecosystem services – are equally, if not more, crucial. These “natural capital” assets provide the very foundations upon which our economies are built and from which all human prosperity ultimately derives.

The core message conveyed is that the exclusion of nature’s value from economic calculations is no longer tenable. For too long, the depletion of natural resources and the degradation of ecosystems have been treated as externalities, costs borne by society and future generations rather than by the economic activities that cause them. The Dasgupta Review seeks to correct this by proposing a comprehensive framework for accounting for natural capital. This includes valuing the services that ecosystems provide, such as pollination, climate regulation, and flood control, which are essential for economic activity and human survival.

Báldi András’s discussion likely delves into the practical implications of integrating these natural values. This could involve developing new accounting standards that incorporate the depreciation of natural capital, implementing policies that incentivize the conservation and restoration of ecosystems, and fostering greater transparency in how environmental costs are factored into investment decisions. The goal is to move towards an economic paradigm that recognizes the interdependence of human societies and the natural world, promoting sustainable development that benefits both present and future generations.

The publication of this article by the Hungarian Academy of Sciences signals a significant endorsement of this forward-looking approach within Hungary. It suggests a commitment to fostering a more holistic and responsible economic system that acknowledges the indispensable role of nature. By bringing the Dasgupta Review’s findings and Báldi András’s expert commentary to a wider audience, the Academy is contributing to a vital global conversation about how to build economies that are not only prosperous but also resilient and in harmony with the planet. This development represents a crucial step towards ensuring that the invaluable assets of nature are recognized, protected, and ultimately integrated into the very fabric of our economic lives.


A természet értékeit nem hagyhatjuk ki a gazdasági számításokból – Báldi András a Dasgupta-jelentésről


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Hungarian Academy of Sciences published ‘A természet értékeit nem hagyhatjuk ki a gazdasági számításokból – Báldi András a Dasgupta-jelentésről’ at 2025-08-18 13:15. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.

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