EnhaNCA: Enhance Natural Capital Accounting Policy Uptake and Relevance
About the project
The Enhance Natural Capital Accounting Policy Uptake and Relevance (EnhaNCA) project aims to provide materials to increase policymakers' understanding of applications of natural capital accounting (NCA) according to the System of Environmental-Economic Accounting (SEEA).
The project addresses three shortcomings in the environmental and economic policy space:
- A lack of awareness by policy makers on the value added of NCA and how it can address policy needs;
- A lack of systemization of the potential applications of NCA; and
- A lack of compelling case studies on the impact of NCA policy applications.
As part of this project, four publications were developed. These publications are meant for a broad, non-technical audience, including government ministries and central banks:
- How Natural Capital Accounting Contributes to Integrated Policies for Sustainability (United Nations, 2020). Despite the fact that economic, environmental and social issues are interconnected, traditionally policymaking has taken a "silo" approach instead of a systems approach. This publication provides an accessible overview to NCA, the SEEA and how the SEEA uses a systems approach to create effective policies at the environment-economy nexus.
- Natural Capital Accounting for Integrated Biodiversity Policies (United Nations, 2020). Biodiversity is critical for both human well-being and the economy. This paper demonstrates the importance of NCA and the SEEA in the formulation of effective biodiversity policies, with a focus on policies related to ecosystems, ecosystem services and species.
- Natural Capital Accounting for Integrated Climate Change Policies (United Nations, 2020). The Paris Agreement has set ambitious targets for fighting climate change. To achieve these targets, policies must take into account the relationship between the environment, climate and economy. This publication covers how NCA and the SEEA can measure climate change, its drivers and impacts, with an eye towards developing evidence-based policies.
- Natural Capital Accounting for Sustainable Macroeconomic Strategies (United Nations, 2020). Treasury departments, central banks and financial institutions are increasingly concerned by the risks and consequences that can be brought about by poor natural resource management. This publication shows how NCA and the SEEA can be used for policies that go beyond income flows, and that instead place greater emphasis on assets and wealth, including natural capital.
Four factsheets summarizing the key highlights of each publication can be found below:
This project was implemented by the United Nations Statistics Division, with funding from the Federal Ministry for Economic Cooperation and Development of Germany, www.bmz.de and supported by Deutsche Gesellschalft fur Internationale Zusammenarbeit (GIZ) GmbH, www.giz.de.
To help ensure that the publications produced under the EnhaNCA project addressed the identified shortcomings in the enviornmental and economic policy space, the publications were written under the guidance of an editorial board. The editorial board operated under the direction of the United Nations Statistics Division and included representatives of IUCN, the World Bank, the Department of Environmental Affairs of South Africa, UNEP-WCMC and Statistics Netherlands.
E-Learning courses based on these four publications will be made available in early 2021.