A panel convened by the United Nation’s (U.N.’s) secretary-general in August 2010 has issued a report which recommends that governments “put sustainable development into practice and mainstream it into economic policy as quickly as possible.” The U.N.’s High-Level Panel on Global Sustainability further recommends that governments “establish price signals” to guide consumption and investment decisions, such as “natural resource and externality pricing instruments, including carbon pricing through mechanisms like taxation, regulations, or emissions tracking systems” by 2020.

Calling for the integration of sustainability into planning for oceans, coastal management, water resources, fisheries, and other areas, the report also sets out 56 recommendations for social, political and workplace changes. The report was prepared for the U.N. Conference on Sustainable Development scheduled for June 2012 in Rio de Janeiro. See BNA World Climate Change Report, January 30, 2012.