The National Capital Commission (NCC) protects and conserves more than 55,000 hectares of federal land in the National Capital Region. Much of the land we care is green space. A study estimates the total economic value of our green spaces at $5 billion over 20 years. The NCC’s green spaces provide direct monetary benefits, such as from wood and agricultural products, as well as benefits not measured according to traditional market metrics
The benefits derived from natural resources include food, recreation and clean air and water. The aim of valuing these resources is to quantify better the cost of their degradation. This POSTnote summarises how to value natural capital, discusses the advantages and challenges of approaches and describes some initiatives to secure natural capital for the future.
Publication (5p) ,
Author(s): UK Parliamentary Off ,
This report comes out of the Workshop on Regional Perspectives on Natural Capital Accounting held in Nairobi, Kenya in June 2016, which brought together delegations from twelve countries and many agencies working on Natural Capital Accounting.
Natural assets provide a wide range of environmental services that make human life possible. The Office for National Statistics (ONS) and the Department for Environment, Food and Rural Affairs (Defra) have been developing methods to value these services, aiming to highlight the relative importance of services provided by the UK’s natural assets.
Publication (35p) ,
Author(s): UK Office for Nation ,
Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led global partnership that aims to promote sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.