Stock Option Trading Canada is being urged to become the first jurisdiction in the world to start using formal environmental indicators to measure the country's real wealth and the sustainability of its economy.

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Currency Day Trading In a report being released today, the National Roundtable on the Environment and the Economy is recommending the use of six indicators, ranging from the extent of Canada's forests to the annual tally of greenhouse-gas emissions, to give a better picture of the health of the Canadian economy.

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Financial Software Trading The indicators would be issued each year by Environment Canada and Statistics Canada to supplement the gross domestic product figure normally used to assess the country's economic well-being.

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Online Stock Trading Company "We'd be the first to revise the system of national accounts and people would copy us immediately. There is tremendous interest in this" around the world, said Stuart Smith, co-chair of the group that compiled the report.

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Forex Day Trading Proposals for new kinds of indicators have been made in response to the drawbacks of traditional measurements of economic health, which usually classify pollution disasters as positive developments and don't track whether natural resources, ranging from cod in the Atlantic to trees in British Columbia, are being depleted.

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Financial In Market "You can have an oil spill that pollutes a huge area and wrecks the ecology, but the price of the cleanup is shown as a positive on GDP," Mr. Smith said.

Stock Trading System The environment is the country's "irreplaceable" national capital and is "worth billions and trillions of dollars, but is not measured at all," he added.

Day Trading Stock Tip The roundtable is a body appointed by the Prime Minister to give policy advice on environmental issues. Members include business leaders, environmentalists and academics.

Financial Forex Forex Software It has taken three years to complete the report. It was ordered in the 2000 budget by then-finance minister Paul Martin, who wanted a small number of environmental indicators to track the sustainability of Canadian economic activity.

Stock Market Trading Mr. Martin "obviously takes the matter quite seriously," Mr. Smith said. If he wins the Liberal leadership race, "I'm hoping that he will encourage his finance minister to adopt some of these things."

Day Lesson Stock Tip Trading Environmentalists, who frequently complain about the flaws in economic indexes, lauded the proposals.

Financial System Trading "This gives us a much, much broader picture of our ecological and social and economic well-being," said Mark Winfield, program director at the Pembina Institute, an independent environmental policy think tank.

Day Trading Future Mr. Smith said the roundtable looked at hundreds of potential indicators before selecting six that are simple, easy to understand, and give a useful picture of the state of the country's resources.

Financial Forex Market Trading The first, an air-quality indicator, tracks the exposure of Canadians to ground-level ozone, a lung-damaging component of air pollution. Exposure to this pollutant has been slowly, but steadily rising since 1986.

Online Trading Stock And The report said its fresh-water quality indicator was based on assessments of 319 water bodies across the country; 21 per cent were found to have poor or marginal quality because of pollution.

Day Trading Software The report also said Canada should start compiling long-term forest-cover records to help preserve this resource. In 1998, the only year for which sufficient data were available, Canada was 41 per cent forested.

Financial Market Science By Martin Mittelstaedt
The Globe and Mail - 5/12/2003

Topic: Green Living

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