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Scoping study to develop understanding of a natural capital asset check - NE0128

Description
In June 2011, the Government published its Natural Environment White Paper – the first White Paper on the natural environment in England for 20 years. The White Paper was a key response to the UK National Ecosystem Assessment (NEA) published earlier in June 2011 which was the first independent assessment of the state and trends in UK’s ecosystems and the benefits provided to society and the economy. The NEA provides a substantial evidence base of the services which nature provides how these have changed over the past, the prospects for the future and the value of these to society. One of the White Paper commitments is to the extension of the NEA which is now in the process of being commissioned . This includes as part of its terms of reference carrying out analysis into ecosystem stocks to assist in the development of a natural capital asset check so this scoping research will form the basis for later work in the NEA follow on.
Objective
The aims of this scoping study are to develop understanding in both a theoretical and practical context of a natural capital asset check, building on preliminary thinking in this area. It should be seen as part of a long term programme of work on natural capital and developments in wealth accounting and contribute to the wider work of the Natural Capital Committee once it is established. It should also be seen as complementary to broader work on accounting for environmental impacts in policy appraisal which is encouraging practical use of environmental valuation.
Project Documents
• FRP - Final Report : Final scoping report   (1965k)
• IR - Interim Report : Scoping Study to Develop Understanding of a Natural Capital Asset Check: Interim Report   (2204k)
• SCO - Scoping Study : Scoping Study to Develop Understanding of a Natural Capital Asset Check: Tool And Case Studies   (1214k)
Time-Scale and Cost
From: 2012

To: 2012

Cost: £86,000
Contractor / Funded Organisations
Economics For The Environment Consultancy Ltd (EFTEC)
Keywords
Decision Support              
Economic Policy Evaluation              
Economic Research              
Ecosystem Service              
Environment              
Environmental Impact              
Natural Environment              
Natural Resource Use              
Scoping study              
Sustainable Development