A company called Climate Earth launched a software that lets companies assess their natural capital impacts. The Natural Capital Management Systems (NCMS) allows a company to map its organizational structure and accounting systems to a database of natural capital costs to determine the financial value of a company’s depletion of nonrenewable resources, and its emissions into the air, water and soil.
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Over 80 statisticians, economists, ecologists and senior policy makers across Asia participated in a three-day workshop at the United Nations in Bangkok to look at ways of valuing natural resources so they can be better protected. The conference included technical discussions on "green accounting" systems and how to put value on "natural capital" such as mangroves,wetlands, coral reefs, forests and water resources .
The World Bank, several UN organizations and the Brazilian Institute of Geography and Statistics held two consecutive regional seminars on Developing Programmes for the Implementation of the 2008 SNA (System of National Accounts) and the 2012 SEEA (System of Environmental-Economic Accounting) and Supporting Statistics in Rio de Ja
Costa Rican journalist receives regional prize for writing on Natural Capital Accounting (in Spanish)
La Nación newspaper´s environment journalist Michelle Soto received an award for innovation for sustainable development for her article on natural capital and WAVES work in Costa Rica. The prize ("Bayer journalism award for innovation for sustainable development") was awarded by the multinational Bayer. Its Central American and Caribbean office organized the contest.
Conservation International’s Ana Rodriguez blogs about her visit to Peru’s San Martín region where she is part of a team working on the Ecosystem Values Assessment and Accounting (EVA) project, a collaboration between CI’s Moore Center for Science and Oceans, CI-Peru, the World Bank and the Peruvian government.
UNDP, DESA, and UNEP organized a “Technical Workshop on Tools and Measures to Inform Inclusive Green Economy Policies” in Nairobi, Kenya from 2-4 July.
Rachel Kyte, Vice President for the World Bank’s Sustainable Development Network, presented the World Bank’s view on the need to balance economic and environmental interests, focusing on the Wealth Accounting and Valuation of Ecosystem Services (WAVES) Partnership, at the Seventh Trondheim Conference on Biodiversity - Ecology and Economy for a Sustainable Society in Trondheim, Norway, May 27-31, 2013.
The Government of Switzerland has become the newest donor to the WAVES global partnership. The $5 million contribution from the Government of Switzerland will be split evenly to support two complementary initiatives within the World Bank and IFC, a member of the World Bank Group, over a three-year period.
BERN, April 20, 2013 - Natural capital is a relevant factor in economic decision-making and plays a decisive role in, for example, the development of tourist destinations or natural flood protection. At the World Bank Spring Meeting on 18-21 April in Washington DC, Federal Councillor of the Swiss Government, Johann N. Schneider-Ammann, signed two agreements in support of natural capital accounting in developing countries, each to the value of USD 2.5 million.