The Natural Capital Committee's third State of Natural Capital report
The Natural Capital Committee has today published its third State of Natural Capital report, which recommends that Government, working closely with the private sector and NGOs should develop a comprehensive strategy to protect and improve natural capital.
The report presents a series of potential environmental investments that offer good economic returns such as peatland restoration and woodland planting. It also sets out an innovative framework for corporation to take account of their natural capital. To read the report, click here.
Investing in natural capital
The Committee, working with a Consortium of eftec, Centre for Ecology and Hydrology (CEH) ABPmer and Regeneris, has reviewed economic evidence on the costs and benefits of protecting and improving natural capital. To read the reports, click here.
The NCC's new corporate natural capital accounting framework
An integral component of the Committee's third State of Natural Capital report is its innovative corporate natural capital accounting framework. This methodology has been tried and tested with four major landowners over the last year: Lafarge tarmac, National Trust, The Crown Estate and United Utilities. Corporate natural capital accounting allows organisations to report on, and therefore manage better, the natural capital they own, depend on, or are responsible for. We are pleased to publish the full report and accompanying "how to" guidance here.
Dieter Helm at the EAC
On the 21st November Committee Chairman Professor Dieter Helm gave evidence to the Environmental Audit Committee. He outlined the progress the Committee has made to date with its work and discussed a wide variety of topics to do with natural capital. Watch the hearing here
Some people question why we should value natural capital. This paper by one of our members, Ian Bateman, outlines why we think we should.
To read the paper, click here.
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Find out more about the work of the Natural Capital Committee
To meet its Terms of Reference up to 2015, the Natural Capital Committee has a number of work-streams. These include working to better integrate the value of natural capital into decision making at all levels; creating and trialling an experimental accounting framework that organisations can use to value the natural capital they own or are responsible for; advising on research priorities; working with Defra and the ONS to get natural capital into the national accounts; and, developing ways of measuring natural capital and identifying which assets are at risk.
To find out more, click here.
The 25 Year Framework
In its second State of Natural Capital report, the Natural Capital Committee proposed the idea of a long term framework (25 years) to analyse what needs to be done in order to better protect and improve our natural capital.
If you would like to share any thoughts on the potential structure and content of the 25 Year Framework, please email them to firstname.lastname@example.org.