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The Financial and Environmental Crises are Connected – July 16, 2013

The new math for the new accounting

Currently, the laws of nature and the rules of business are in direct collision. Every financial transaction has an environmental impact and the environment is embedded in every financial transaction. But these environmental impacts are not yet included in business rules, regulations or accounting. This omission has left society with a massive environmental debt.

wreckage from hurricane SandyPhoto by spleeness/FlickrThe aftermath of Hurricane Sandy, New Jersey. If we recalculate the costs of all business by embedding the costs of air, water and carbon pollution as well as habitat destruction, we will end up changing our consumption practices and production protocols.

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by: Amy Larkin

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