South Africa releases first Natural Capital Accounting Strategy

South Africa releases first Natural Capital Accounting Strategy

South Africa has reached an important milestone on advancing SEEA implementation this week by releasing its first 10-year strategy for Natural Capital Accounting (NCA) in South Africa.

The National NCA Strategy is owned and published by Statistics South Africa (Stats SA) as the national statistics office , but it was co-developed with the South African National Biodiversity Institute (SANBI) and guided by the various institutions represented on the NCA Strategic Advisory Group. It was developed as part of the recently completed European Union (EU)-funded Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES) project, which was led globally by the United Nations Statistics Division (UNSD) and the United Nations Environment Programme (UN Environment), and led jointly in South Africa by Stats SA and SANBI.

The National NCA Strategy is a culmination of many years of Stats SA’s involvement at national and international levels, of cross-sectoral coproduction and collaboration with a range of institutions, and an intensively consultative process with stakeholder over three years. It’s purpose is to focus the efforts of Statistics SA and other institutions engaged in NCA on developing priority natural capital accounts and effective statistical systems and institutional mechanisms to inform South Africa’s sustainable development policy objectives.

The strategy identifies five areas of work, structured into five goals. It is envisioned that these be achieved over a period of ten years with a 5-year review (see figure below).

 

For more information, download the complete strategy document here.

The article was based upon the press release originally published by Stats SA on 3 June 2021 and the strategy

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