Natural Capital Accounting and Valuation of Ecosystem Services Project

Natural Capital Accounting - Land Cover

Mainstreaming biodiversity and ecosystems into policy through natural capital accounts in five countries

About the Project

The United Nations Statistics Division, the United Nations Environment Programme, the Secretariat of the Convention on Biological Diversity, and the European Union have launched the project “Natural Capital Accounting and Valuation of Ecosystem Services(NCAVES).

The project funded by the European Union through its Partnership Instrument (PI), aims to assist the five participating partner countries, namely Brazil, China, India, Mexico and South Africa, to advance the knowledge agenda on environmental-economic accounting, in particular ecosystem accounting. It will initiate pilot testing of SEEA Ecosystem Accounting (SEEA EA) with a view to:

  • Improving the measurement of ecosystems and their services (both in physical and monetary terms) at the (sub)national level;
  • Mainstreaming biodiversity and ecosystems at (sub)national level policy planning and implementation;
  • Contribute to the development of internationally agreed methodology and its use in partner countries.

The project will have a duration until the end of 2021.


The project is organized along several workstreams.

  • Compiling ecosystem accounts: A range of ecosystem accounts will be piloted in the five project countries (see below for description each country). These accounts will be in physical and monetary terms. The accounts will be subsequently applied in scenario analysis based on national policy priorities. 
  • Guidelines and methodology: the country pilots will feed into the revision of the SEEA EEA and guidelines (on biophysical modeling, valuation, and scenario analysis) that will contribute to national and global implementation of NCA;
  • Indicators: Development and testing of a set of indicators in the context of the post 2020 Biodiversity Agenda and other international initiatives
  • Business accounts: Contribute to the alignment between SEEA and corporate sustainability reporting
  • Communications: increase awareness of natural capital accounting both in project countries and beyond through developing a range of products
  • Enhanced capacity building and knowledge sharing: enlarging the community of practitioners on natural capital accounting by e-Learnings and training workshops (in country and regional).

In parallel, within project countries inter-institutional mechanisms around NCA will be established or strengthened, through a country assessment feeding into developing a national roadmap.

Pilot countries


A range of ecosystem accounts, experimental statistics and a pilot study in Rio Grande river basin,

                          specifically in the states of Maranhao-Tocantins-Piaui-Bahia (MATOPIBA) .



Support ongoing pilots in the provinces of Guangxi Autonomous Region and Guizhou.

                           At the national level support will be provided to develop natural resource balance sheets.



A suite of ecosystem accounts will be assessed in a pilot for the State of Karnataka.

                           Several ecosystem services will be assessed at the national scale.



Building on earlier pilot accounts for the state of Aguascalientes, ecosystem extent, condition and 

                           services accounts will be compiled at the state and national level.


South Africa

Various types of ecosystem accounts will be compiled, including ecosystem services accounts for

                           KwaZulu-Natal (KZN) province, and ecosystem extent accounts at the national level.


Implementing Partners

Project funded by:

The European Union

NCAVES Project Countries

SEEA Ecosystem Accounting and the Global Biodiversity Agenda



Date Location Title
02 June 2021 Online NCAVES China Closing Workshop
14 January 2021 to 28 January 2021 Online NCAVES India National Forum
18 November 2020 to 19 November 2020 Online South African Natural Capital Accounting Strategy Stakeholder meeting
23 June 2020 to 10 November 2020 Online Virtual Expert Forum on SEEA Experimental Ecosystem Accounting 2020
02 June 2020 Online Webinar - Deriving indicators from the SEEA EEA
28 May 2020 Online African NCA Community of Practice Webinar: Linking natural capital accounting to policy in Africa
16 April 2020 online Expert Meeting on Aligning SEEA and GEP
12 November 2019 to 14 November 2019 Beijing, China International Seminar on Natural Capital Accounting
28 October 2019 to 31 October 2019 Pretoria, South Africa Regional Training Workshop on the SEEA Experimental Ecosystem Accounting for countries in Africa
16 October 2019 to 17 October 2019 UNHQ New York Scoping Workshop on the SEEA and Business Accounting
04 September 2019 New Delhi, India Natural Capital Accounting in Support of Land Degradation Neutrality- Side Event CoP14 India
10 July 2019 to 11 July 2019 Pretoria, South Africa South Africa First Natural Capital Accounting Forum
28 June 2019 Glen Cove, New York Project countries workshops: Advances in the implementation
26 June 2019 to 27 June 2019 Glen Cove, New York, USA 2019 Forum of Experts on SEEA Experimental Ecosystem Accounting
10 June 2019 to 12 June 2019 Aguascalientes, Mexico Soil Accounts Workshop in Mexico
05 March 2019 UNHQ New York Natural Capital Accounting: Connecting the Pillars of Sustainability
21 November 2018 to 23 November 2018 Rio de Janeiro, Brazil Regional Training Workshop on the SEEA Experimental Ecosystem Accounting for Countries of Latin America and the Caribbean
12 November 2018 to 15 November 2018 Aguascalientes and Mexico City, Mexico Second Mission to Mexico for the project Natural Capital Accounting and Valuation of Ecosystem Services
05 July 2018 to 11 July 2018 New Delhi, India Second Mission to India - Natural Capital Accounting and Valuation of Ecosystem Services Project
18 June 2018 to 20 June 2018 Glen Cove, Long Island, NY Forum of Experts in SEEA Experimental Ecosystem Accounting
19 March 2018 Pretoria, South Africa National Stakeholder Workshop in South Africa- Ecosystem Accounting
22 November 2017 to 23 November 2017 The Hague, Netherlands Second Forum on Natural Capital Accounting for Better Decision-Making, The Hague
06 November 2017 to 08 November 2017 Beijing, China Regional Training Workshop on the SEEA Experimental Ecosystem Accounting in China
31 October 2017 to 03 November 2017 Beijing, China Inception Mission to China for the Natural Capital Accounting and Valuation of Ecosystem Services project
19 September 2017 to 22 September 2017 Pretoria, South Africa Inception Mission to South Africa for the Natural Capital Accounting and Valuation of Ecosystem Services project
13 June 2017 to 14 June 2017 Mexico City, Mexico EU NCA Project - Inception Mission Mexico