Natural Capital Accounting & Ecosystem Service Valuation
This policy brief outlines the basis of NCA and ESV, how they can be used appropriately to support decision making, and how they are being used in Queensland.
ID:
3808
Authors:
Edward Morgan, Theresa Ashford, Felicity Deane and Brendan Mackey
Year:
Month:
December
Resource Type:
Policy brief
Subject:
Agriculture & environment
Carbon & environmental markets
Nature based solutions
Policy & regulation
Geographic Coverage:
Queensland
Environmental integrity needs to effectively recognise, value and maintain natural ecosystems as close to their natural state within policymaking. To this end, natural capital accounting (NCA) and ecosystem service valuation (ESV) are two processes that enable a more systematic and rigorous assessment of the benefits of conservation and regeneration in land use decisionmaking. These tools are rapidly evolving and becoming more widespread, and it is essential for policy makers to understand their use, methodology and limitations.