Sir Dieter Helm is Professor of Economic Policy at the University of Oxford and Fellow in Economics at New College, Oxford. From 2012 to 2020, he was Independent Chair of the UK Natural Capital Committee, providing advice to the government on the sustainable use of natural capital. He provides extensive expert advice to governments, regulators and companies across three key areas: Energy & Climate; Regulation, Utilities & Infrastructure; and Natural Capital & the Environment. Dieter is a Vice President of the Exmoor Society, a Vice President of Berkshire, Buckinghamshire and Oxfordshire Wildlife Trust, and Honorary Fellow, Brasenose College, Oxford.

'This is a powerful argument for valuing future generations which means saving and investing now so as to live sustainably.' David Willetts, President of the Resolution Foundation and author of The Pinch

• 1. Introduction; 2. The next generation; 3. Taking precautions, building resilience; 4. The capitals; 5. Sustainable accounting and the balance sheet; 6. Polluter pays; 7. Public goods and zero marginal costs; 8. Sustainable consumption, deficits and debt; 9. Social justice; 10. Delivering the system plans; 11. A new constitution; 12. Conclusions: it could go either way.

Sir Dieter Helm is Professor of Economic Policy at the University of Oxford and Fellow in Economics at New College, Oxford. From 2012 to 2020, he was Independent Chair of the UK Natural Capital Committee, providing advice to the government on the sustainable use of natural capital. He provides extensive expert advice to governments, regulators and companies across three key areas: Energy & Climate; Regulation, Utilities & Infrastructure; and Natural Capital & the Environment. Dieter is a Vice President of the Exmoor Society, a Vice President of Berkshire, Buckinghamshire and Oxfordshire Wildlife Trust, and Honorary Fellow, Brasenose College, Oxford.

'This is a powerful argument for valuing future generations which means saving and investing now so as to live sustainably.' David Willetts, President of the Resolution Foundation and author of The Pinch

• 1. Introduction; 2. The next generation; 3. Taking precautions, building resilience; 4. The capitals; 5. Sustainable accounting and the balance sheet; 6. Polluter pays; 7. Public goods and zero marginal costs; 8. Sustainable consumption, deficits and debt; 9. Social justice; 10. Delivering the system plans; 11. A new constitution; 12. Conclusions: it could go either way.

Sir Dieter Helm is Professor of Economic Policy at the University of Oxford and Fellow in Economics at New College, Oxford. From 2012 to 2020, he was Independent Chair of the UK Natural Capital Committee, providing advice to the government on the sustainable use of natural capital. He provides extensive expert advice to governments, regulators and companies across three key areas: Energy & Climate; Regulation, Utilities & Infrastructure; and Natural Capital & the Environment. Dieter is a Vice President of the Exmoor Society, a Vice President of Berkshire, Buckinghamshire and Oxfordshire Wildlife Trust, and Honorary Fellow, Brasenose College, Oxford.

'This is a powerful argument for valuing future generations which means saving and investing now so as to live sustainably.' David Willetts, President of the Resolution Foundation and author of The Pinch

• 1. Introduction; 2. The next generation; 3. Taking precautions, building resilience; 4. The capitals; 5. Sustainable accounting and the balance sheet; 6. Polluter pays; 7. Public goods and zero marginal costs; 8. Sustainable consumption, deficits and debt; 9. Social justice; 10. Delivering the system plans; 11. A new constitution; 12. Conclusions: it could go either way.