More than GDP: Robert Costanza on the value of ecosystem services and human wellbeing

Prof Robert Costanza of the Crawford School of Public Policy at the Australian National University explains the importance of accounting for humanity's debt to nature as well as human wellbeing. He claims Gross Domestic Product or GDP is not an adequate measure and instead posits Genuine Progress Indicator or GPI. He was interviewed on the sidelines of the 6th Ecosystem Services Partnership conference in Bali, Indonesia, 26-30 August 2013, where he was a keynote speaker.