Natural capital accounting

Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region. Accounting for such goods may occur in physical or monetary terms. This process can subsequently inform government, corporate and consumer decision making as each relates to the use or consumption of natural resources and land, and sustainable behaviour. There are several methods of accounting which aim to address the issue of sustainability. These are: large and eclectic dashboards; composite indices; indices focusing on overconsumption; adjusted economic indicators. These dashboards bring together a number of indicators that are directly and indirectly related to the durability of socio-economic progress. One example of this is the Eurostat Sustainable Development Indicators, which is a list of over 100 indicators used to monitor the EU Sustainable Development Strategy. The criticism associated with these dashboards is that a large number of indicators risks muddling a clear message about sustainability that resonates with policy makers or citizens. In response, there has been a greater tendency to select headline indicators that "track central elements of green growth and [are] representative of a broader set of green growth issues." Composite indices normalize and aggregate various data into a single number,such as the Human Development Index, Osberg and Sharpe's Index of Economic Well-Being, the Changing Wealth of Nations, or the Environmental Sustainability Index, which ranks countries based on an assessment of 76 variables covering five domains. It is often instructive to examine the separate dimensions of these indices. However, they may present a skewed view of countries' contributions to environmental problems and make problematic, normative assumptions about the values of certain variables. Adjusted gross domestic product, or green GDP, systematically corrects conventional GDP by taking into account aspects of a country's production of goods and services (e.

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Économie écologique

thumb|400px|Les ressources naturelles traversent l'économie et finissent comme des déchets et de la pollution L’économie écologique est une branche de l'économie en interface avec l'écologie, étudiant l'interdépendance et la coévolution entre les sociétés humaines et les écosystèmes dans le temps et l'espace. L'intérêt de ces recherches est de pouvoir guider l'action des acteurs économiques (publics et privés) afin d'assurer un développement durable, c'est-à-dire conciliant progrès économique, justice sociale, et préservation de l'environnement, tout en mettant la priorité sur ce dernier point.

Ecosystem Scenarios as Environmental Futures - Implications for Participatory Framework Designs Integrating Social Capital Formation and Natural Capital Preservation

Charlotte Gisèle Weil

In integrated ecosystem assessment projects, scenarios provide alternative images of environmental futures as orientation knowledge for opinion-forming and decision-making. Participatory scenario frameworks provide the methodological basis for ecosystem sc ...

Tamsui2023

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Current levels of resource use and pollution emissions are responsible for the trespassing of most planetary boundaries. As such, operational and contextual analysis is needed to provide mitigation strategies and policies. This article aims to streamline E ...

ELSEVIER2023

Natural capital data visualization to promote sustainable decision making

Charlotte Gisèle Weil

In order to develop approaches to manage environmental assets sustainably and take nature more into account in major decisions, natural capital assessments reveal the specific benefits provided by nature. Effective communication, including clear visualizat ...

2017

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