Kerry Takes Davos Stage to Launch US ‘Natural Capital’ Survey
- Report calls for new data to account for natural resources
- US says it should track data to keep pace with China, others
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President Joe Biden’s administration will launch an effort to more accurately count the nation’s natural resources in official economic statistics, saying the data are needed to give a true picture of US output.
Biden’s special envoy for climate, John Kerry, will announce the new initiative Thursday at the World Economic Forum in Davos, with the administration saying it will help track the value of land, air, water and other natural assets in relation to the economic activity they support, in the face of climate change risks.