Natural Capital Accounting and Valuing Ecosystem Services Project
Natural Capital Accounting and Valuation of Ecosystem Services
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 Experimental Ecosystem Accounting (SEEA EEA) 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 2020.
The project is organized along several workstreams.
Pilot in Rio Grande river basin, specifically in the states of Maranhao-Tocantins-Piaui-Bahia
(MATOPIBA) focusing on hydrological services as well as soil related services.
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.
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.