Combining Forces – Natural Capital Coalition

Natural capital has both private and public dimensions that are reflected in different perceptions, management and decision-making approaches. These differences often lead to overuse and poor management of natural capital – often referred to as the tragedy of the commons – at both global and local scales.

A key feature of the differences between public and private approaches to natural capital concerns the language that is used to describe and discuss the relevant environmental stocks and flows. Central to improving the management of natural capital is having a common language to define, measure and report on it.

There is now an opportunity to combine forces natural capital thinking and assessment, leverage the strength of the support from the public and private sectors for two key approaches, the Natural Capital Protocol (NCP) and the System of Environmental-Economic Accounting (SEEA) and seek to understand the opportunities and synergies of these approaches both with each other and with the wide range of other approaches in this space.

This workshop is one part of a broader program of work to engage widely on the subject of natural capital. The primary objectives are to:

  • Broaden the understanding of the breadth of different approaches to natural capital
  • Establish the benefits that might be obtained from combining forces on natural capital
  • Identify the barriers to combining private and public sector approaches to natural capital thinking and assessment
  • Identify opportunities and activities that can be undertaken in the short to medium term to overcome those barriers and demonstrate the benefits of combining forces to both the public and private sector.

Workshop participants are encouraged to visit the Natural Capital Coalition’s Combining Forces page for additional background and resources, especially concerning the potential linkages between NCP and SEEA.

Asia and the Pacific Regional Expert Workshop on Ocean Accounts, Bangkok

Great to be a part of a foundational workshop kicking of the process to develop a System of Ocean Accounts 2025, complementing the current System of Environmental Economic Accounts (SEEA). There are three key areas of focus over the three days including ocean science, ocean statistics and ocean governance.

Some useful examples have been shown including Australian work and links to accounting for poverty and the environment

SDGs in Asia and the Pacific

The Asian Development Bank has arranged a two day workshop in Bangkok to help policymakers in the Asia and Pacific region understand how to better integrate environmental dimensions of the Sustainable Development Goals (SDGs 12,14 and 15) into development policies, plans and programs.

IDEEA Group’s Mark Eigenraam has been invited to give the the Innovative Tools Pitch on SEEA in the session devoted to Innovative Tools and Approaches.

The Walkabout session will provide an opportunity for workshop attendees to learn more about the value of SEEA and how IDEEA Group can help to support its implementation.

Linking Alliance for Water Stewardship (AWS) and the SEEA

Around the world there are tremendous challenges surrounding the use and management of water resources. The Alliance for Water Stewardship (AWS) was established in 2008 to promote the stewardship of water resources, and in 2014 they released the first International Water Stewardship Standard. It is premised on the idea that improved management of water resources must be context driven, i.e. considering site (farm) and catchment level issues and solutions.

In the wake of the advancements in the development of the System of Environmental-Economic Accounting (SEEA), AWS saw an opportunity to use an internationally comparable measurement approach as the basis for measurement and transparency in the implementation of the AWS Standard. To this end, AWS engaged IDEEA Group to describe the potential ways in which the SEEA could be applied in the six steps of the AWS Standard.

This introductory report outlines a variety of ways in which the SEEA could support implementation including; ensuring coherence of data across scales and enabling site; catchment and administrative level narratives can be aligned; and providing a common language for the communication and framing of management responses and outcomes. The report identifies seven key benefits from linking the AWS Standard and the SEEA and recommends undertaking case studies to demonstrate the potential opportunities for firms, catchment managers, industry and sector leaders.

Access the report here

 

 

Natural Capital Protocol – System of Environmental Economic Accounting Toolkit

This draft Toolkit which examines the links between the Natural Capital Protocol (NCP) and the System of Environmental-Economic Accounting (SEEA) is intended to form the basis for a discussion about the ways in which these two tools for natural capital accounting (NCA) might be combined to further support advances in this important area of work. The Toolkit focuses specifically on placing the accounting framework and approach of the SEEA within the broader natural capital assessment process articulated in the NCP.

The Toolkit was a discussion paper for a workshop titled “Combining forces on Natural Capital” held in London on 31 August, 2017. The workshop was supported by the Natural Capital Coalition, Institute of Chartered Accountants in England and Wales and IDEEA Group.

Access the report here

 

 

How can tourism drive sustainable development in the MENA region?

With tourism’s contribution to Middle Eastern GDP expected to increase from $200 billion to over $350 billion by 2025, the sustainability of its impact on local economic development will be vital to the regions’ social and ecological future.
IDEEA Group will be there when Ministers of Tourism and industry leaders in the Middle Easter and North African region (MENA) attend the UNWTO & Arabian Travel Market Ministerial Forum to discuss how to capitalise on tourism growth while building a sustainable ecosystem.
IDEEA Group’s Carl Obst will attend the Forum as panelist to talk on the topic of Tourism’s contribution to sustainable and inclusive economic growth and diversification in the MENA region. Carl will highlight the important role that SEEA based planning and reporting frameworks have to play in defining and assessing sustainable development strategies and targets, speaking on behalf of UNTWO about their Measuring Sustainable Tourism (MST) Initiative.
This event provides an opportunity for local experts interested in learning more about Environmental Economic Accounting, SEEA and MST to meet Carl and discuss your own challenges for measuring and reporting on the social and environmental outcomes of economic development.