Natural Capital Accounting and Valuation of Ecosystem Services - China
Mainstreaming biodiversity and ecosystems into policy through natural capital accounts
The National Bureau of Statistics (NBS) of China is the lead institution implementing the European Union-funded project Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES) in China, in collaboration the Statistical Bureau of Guangxi Zhuang Autonomous Region, Guizhou Bureau of Statistics, the Research Center for Eco-Environmental Sciences of the Chinese Academy of Science (RCEES-CAS).
Project activities and results
The final NCAVES China report provides an overview of the work undertaken in China to compile ecosystem accounts under the SEEA Ecosystem Accounting framework. The report presents a synthesis of China’s work in the NCAVES project, covering ecosystem account pilots in Guangxi and Guizhou, policy scenario analysis on the ecological compensation scheme in the Xijiang River basin, research on the valuation of natural resources balance sheet, alignment of SEEA and Gross Ecosystem Product and national assessment on natural capital accounting policy in China.
The SEEA in China
The Chinese government’s commitment to sustainable economic growth is reflected in president Xi Jingping’s elevation of the principle of “harmony between humankind and nature” to central place in the nation’s Global Vision. Most recently, the 13th five-year plan, adopted in 2015, contains an array of measures and targets aligned with the concept of ecological civilization.
As part of this commitment, China has incorporated the concept and analysis of natural capital into its policymaking. For example, it recently launched a national effort to establish “natural resource balance sheets,” physical and monetary indicators of stocks and changes in natural resource levels. Following a pilot effort in eight provinces, balance sheets for water, land, timber, and mineral resources at a national level were initiated. In 2014, the nation also completed its first National Ecosystem Assessment, spanning 2000-2010, an effort that involved more than 3,000 scientists.