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The first iron sponge produced by SSAB using fossil free methods. If the experiments with hybrit steel are successful and the production of fossil free steel can be scaled up, what is the economic value of this progress? Photo: Magnus Hjalmarson Neideman/SvD/TT
The first iron sponge produced by SSAB using fossil free methods. If the experiments with hybrit steel are successful and the production of fossil free steel can be scaled up, what is the economic value of this progress? Photo: Magnus Hjalmarson Neideman/SvD/TT

In this essay William D. Nordhaus, Nobel laurate in Economics, discusses how pollution can be integrated into national accounting. Introducing green national accounting may lead to new and sometimes surprising conclusions.