This note sets out the Natural Capital Committee's advice and recommendations on what the UK Government should consider when drawing up its 25-Year Environment Plan, building on the Committee’s previous recommendations over the past 5 years.
Publication (23p) ,
Author(s): Natural Capital Comm ,
This paper advances the application of ecosystem accounts in a regional case study by explicitly and spatially linking impacts of human and natural activities on ecosystem assets and services to their associated industries.
Costa Rica has prepared three main accounts—for forests, water, and energy—using the United Nations System of Environmental-Economic Accounting (SEEA). Results from the first set of accounts will start to reveal the value of natural capital’s contributions to society. This data will help to define the country’s policies into the future.
The Philippines is producing mineral, mangrove, and ecosystem accounts. The data generated will give a clearer picture of the country’s natural capital resources and provide input for investment and policy decisions.
With WAVES support, Colombia has produced water, land, and timber/forest accounts at the national level; ecosystem accounts at the regional level; and land, water, and expenditure accounts at the watershed level. These accounts make it possible to better assess the real value of natural capital to the economy.
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.