This article was originally published on the Natural Capital Initiative.
“Defra and the ONS are working on an interdisciplinary project which brings ecological and economical expertise together to establish an integrated set of natural capital accounts.
This project aims to provide a consistent framework for natural capital accounting in the UK, adapting the United Nation’s System of Environmental-Economic Accounting (SEEA) which contains agreed standard concepts, classifications and accounting rules, for UK purposes.
The developed set of integrated accounts will be important for monitoring the losses and gains in our natural environment, and for informing management decisions, say Defra. The accounts will measure the stock of assets, and the flow of services from those assets, as well as taking into account the importance of spatial factors, and from this build various policy relevant indicators…”
Read on at: Natural Capital Initiative.