Introducing a global planetary ecosystem accounting in the wake of the Amazon Forest fires

Since the 19th century, rapid urbanisation coupled with a demographic boom has increased pressures on the global exploitation of natural resources leading to an array of issues at planetary scale. Even though there have been significant ecologically driven human policy efforts, with frameworks addressing ecosystem accounting and management, such are principally constricted at sub-global levels; being regionally focussed, and hence lacking both cohesivity and accountability. Resource management viewed through this lens leads to a number of geopolitical factors as demonstrated recently with the Amazon Forest fires. This incident witnessed calls from numerous countries calling for rapid remediation even though their own policies are harbingers of equally damaging the environments through other means. This disparity in resource accounting and management on a planetary scale is apparent from diverse local and regional groups and needs to be addressed in order to sustain a truly sustainable and liveable ecosystem and their failures in realising a viable ecosystem accounting system. This perspective paper explores this theme and proposes a ‘Global Planetary Ecosystem Accounting' system based on the principle that ecologically sensitive areas benefiting the global ecosystem need to be economically weighted and its preservation equated to a revenue-generating activity.