About this Discussion

Natural capital encompasses the world's living and non-living natural assets. It forms the basis for environmental and economic life through natural resource production and the provision of ecosystem services. Natural resources are the foundation of social and economic development. Given the critical role they play in maintaining biodiversity and enabling green economic growth, safeguarding such assets could not be more pressing.

To incorporate natural capital into national green growth planning, it is critical for decision-makers to have access to information that reflects the quality, quantity and spatial configuration of natural capital assets. The utility of natural capital analysis for policymaking is ultimately dependent on the availability of information, which can be provided through data platforms and tools.

The GGKP’s Natural Capital Expert Group is currently exploring state-of-the-art methods, models, data and tools for mainstreaming natural capital in national green growth policies and practices. The group is leveraging global momentum for green growth in order to better value, protect and enhance natural capital in national economic decision-making.

Natural Capital

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According to an emerging analysis by Vivid Economics, for every single euro invested through the EU member states' National Resilience and Recovery Plans, only less than 2 cents benefit nature. This is a huge missed opportunity for jobs, economic stimulus, emission reductions and biodiversity gains - in contrast to what the President of the European Commission Ursula von der Leyen has described the EU Recovery Plans as "the opportunity of the century". Despite a wide array of available reports, tools, and guidance, there is still much work to be done in order to convince decision-makers of the significant benefits that climate-positive and nature-based solutions can offer as part of their recovery plans.

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https://www.euractiv.com/section/energy-environment/opinion/nature-is-the-missed-opportunity-of-the-...

New report, “Corporate natural capital accounting – from building blocks to a path for standardization”, provides an overview of corporate natural capital accounting resources and applications and identifies best practices, challenges and standardization opportunities.

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https://capitalscoalition.org/corporate-natural-capital-accounting-understanding-challenges-pursuing...

Two geologists walk into a bar. The first one says to the bartender, “You know, soon there’s going to be a shortage of sand.” The bartender looks up, waiting for the punchline. The second geologist says, “He’s not kidding and that’s not a joke.”... [It’s an increasing concern, particularly as] Consumption [is anticipated to] accelerate as governments resume infrastructure projects that were postponed because of the COVID-19 pandemic...

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https://www.japantimes.co.jp/opinion/2021/05/04/commentary/world-commentary/sand-construction-develo...

The first open-source, user-friendly artificial intelligence (AI) tool for rapid, standardized, and customizable ecosystem accounting launched last week.

The ARIES for SEEA Explorer allows users to generate ecosystem accounts for any user-specified terrestrial area in the world (such as a country, administrative region, watershed, etc.), by using freely available global remote-sensing derived data and models, and rapidly computes these accounts online, using a web browser.

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https://seea.un.org/content/aries-for-seea

In March, the Institute for Forestry Conservation (ICF)—the Honduran institute in charge of protected areas—declared Honduras’s first and largest community-based ‘managed access’ area in coastal waters and designated it a “Site of Importance for Wildlife”

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https://rare.org/story/a-historic-declaration-charts-a-new-course-for-small-scale-fishers-in-hondura...
United Nations Department of Economic and Social Affairs(UNDESA), United Nations Environment Programme(UNEP)

The Statistics Division (SD) of the UN Department of Economic and Social Affairs (UN DESA) and the UN Environment Program (UNEP), in collaboration with the international research and innovation platform Artificial Intelligence for Environment & Sustainability (ARIES) at the Basque… Read More

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Here the question of defining the price of water arises. Although by now there are widely accepted measurements for greenhouse gas emissions – key to assessing pollution impacts - there is not yet any similar measurement of the real price of water in different environments. The sustainable management of natural capital can play a significant role in tackling climate change in line with the goals of the Paris Agreement. Looking into it now will help us to actively help shape our regions' destiny, and further expand the scope of our activities into that longer-term future.

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https://www.ebrd.com/news/2021/the-philosophy-of-water-and-a-greener-future.html
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Still Only One Earth: Lessons from 50 years of UN sustainable development policy. Over-exploitation of natural resources harms the health of ecosystems and the wellbeing of people.

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https://www.iisd.org/articles/sustainable-use-natural-resources-governance-challenge
Geneva Environment Network

The Nature-based Solutions and Health Dialogue is critical as the first stage of this journey convened in the run-up to various international negotiations, as the world is still coping with the challenges of addressing the origins and consequences of the COVID-19 pandemic. Read More