This is part of a series of blogs focused on the Sustainable Development Goals and data from the 2016 Edition of World Development Indicators. Chris Sall and Esther Naikal co-authored this blog.
. Saving a quarter of this lost food would be enough to feed 870 million people. “Doing more and better with less” means meeting the basic needs of people and promoting a better quality of life while also cutting harmful waste and pollution. Using natural resources more efficiently is also a way to improve. Sustainable Development Goal 12 seeks to ensure sustainable consumption and production patterns.
Managing natural resources efficiently
Adjusted net savings (ANS) is an indicator of efficient use of natural assets (target 12.2). It measures the difference between national production and consumption—the change in a country’s wealth. Adjusted net savings takes into account investment in human capital, depreciation of fixed capital, depletion of natural resources, and pollution damage. Positive savings form the basis for building wealth and future growth. Negative savings rates suggest declining wealth and unsustainable development. ANS is especially useful for gauging whether countries that depend heavily on natural resources are balancing the depletion of their natural resources by investing rents in other forms of productive capital, such as through education. Low- and lower middle-income countries with the highest level of resource dependence also tend to have the lowest savings rates.