Natural Capital Accounting in Action: Australia's pilot ecosystem accounts benefit management of Great Barrier Reef

The application of natural capital accounting and valuation methods to ecosystems and protected areas, currently being piloted in Australia, offers a useful framework for managing vast and complex environments subject to different human pressures. It could provide systematic data, comparable over time, to improve the quality of decisions by protected area managers and political decision makers alike, in challenging development and climate change contexts.

Date:
2014
Publisher:
World Bank Group
Author(s):
WAVES
Details:
Natural Capital Stories, 2pages
Language:
English
Topic:
Ecosystems, Marine/Coastal