However, the 2011-2020 strategy of the CBD recognizes that biodiversity protection must be integrated into governmental accounting and decision-making.

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For analysts like Rauh, the main culprit is the governmental accounting standards board (GASB), whose discounting metrics are a point of contention for economists.

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But his reasoning is worth examining, because there is no question he has uncovered some very perverse incentives embedded in the rules put forth by the Governmental Accounting Standards Board.

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