Natural capital accounting in support of policymaking in Europe
Maintaining 'natural capital', i.e. ecosystems and the services they provide, is fundamental to human economic activity and well-being. The need to conserve and enhance natural capital is therefore an explicit policy target in the EU's Biodiversity Strategy to 2020 and its Seventh Environment Action Programme. Approaches to measuring the stocks of natural resources that yield benefits as natural capital have gained considerable traction in recent decades. By providing regular, objective data that are consistent with wider statistical data, natural capital accounting can provide the fundamental evidence base required for informing economic and environmental decision making that delivers on these ambitions for natural capital.Maintaining 'natural capital', i.e. ecosystems and the services they provide, is fundamental to human economic activity and well-being. The need to conserve and enhance natural capital is therefore an explicit policy target in the EU's Biodiversity Strategy to 2020 and its Seventh Environment Action Programme. Approaches to measuring the stocks of natural resources that yield benefits as natural capital have gained considerable traction in recent decades. By providing regular, objective data that are consistent with wider statistical data, natural capital accounting can provide the fundamental evidence base required for informing economic and environmental decision making that delivers on these ambitions for natural capital.
