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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.
Created a Post in Natural Capital
Some interesting thoughts on how to mainstream natural capital accounting from Ina Porras, Senior Economist at the International Institute for Environment and Development.
Inas recently presented at the 6th International Conference on Eco-Compensation and Payments for Ecosystem Services.
Created a Post in Natural Capital, Forestry
Raising awareness among forest dwellers in Bhutan about the extent to which they rely on benefits commonly known as ecosystem services can encourage their participation in the sustainable management of forests, according to the findings of a new study.
Created a Post in Cities and Urban Development, Natural Capital, Water and Sanitation
How can demand management and nature-based solutions help achieve water security for all, while helping protect and restore the natural environment?
Created a Post in Green Recovery from COVID-19, Natural Capital
COVID-19 has forced the global economic system to a near-standstill. We have a once-in-a-generation opportunity to reorient our economy towards a greener, fairer future by investing in natural capital. But so far, governments have dedicated less than 3% of COVID recovery spending to natural capital investments.
Created a Post in Agriculture, Climate Change, Natural Capital
A new report by WWF reveals that 39 million jobs worldwide could be created if governments reallocated just one year’s worth of subsidies that harm biodiversity to a nature-positive stimulus instead. The biggest opportunity comes from the sustainable agriculture / food sector, accounting for nearly 30% of the total number of jobs created.
Very interesting new development: The Central Bank of Chile will be part of the Natural Capital Committee.
"The Central Bank of Chile, through its Statistics Division, will focus on identifying concrete methodologies and viable plans for implementing the measurement of Natural Capital, building on its expertise in the development of National Economic Accounts and following the recently published UN guidelines (System of Economic-Environmental Accounting, Ecosystem Accounting, 2021)."
Photo by Alex Wolowiecki on Unsplash
Created an Event in Natural Capital, Sustainable Finance, Water and Sanitation
Created a Post in Cities and Urban Development, Climate Change, Natural Capital
Blue-Green Cities
Created a Post in Climate Change, Natural Capital
To build ambitions and mobilize action for protecting Africa’s natural assets, the German Federal Ministry for Economic Cooperation and Development (BMZ) is hosting the high-level event, "The Value of Nature in Africa", on the 24th of August.
African, German and international leaders and experts will discuss what needs to be done to better recognize the value of nature in decision-making and demonstrate ambitions and actions to conserve the continent’s biodiversity and natural capital, use it sustainably and increase investments.
Enhancing Social Equity in the Green Economy