Incorporating Nature in Development Planning through Natural Capital Accounting

Natural capital accounting (NCA) is an umbrella term for accounting frameworks that comprehensively measure and monitor nature and the benefits it provides to economies. Through a major effort that drew from the expertise from hundreds of specialists, the SEEA Ecosystem Accounting was recently adopted as an international statistical standard. This session discusses NCA and the System of Environmental-Economic Accounting, Ecosystem Accounting (SEEA EA), including their role in helping incorporate nature and sustainability into economic planning, as well as meeting SDGs and other global MEAs. The panelists represent international organizations and countries with extensive involvement in NCA and the SEEA EA. They will discuss recent advances made, including the IUCN Resolution on Accounting for Biodiversity - and what still needs to be achieved to fully integrate nature, including its economic, environmental and social aspects, into decision-making and policies to a sustainable world.