December 2018 Newsletter

Welcome to our IDEEA Group Newsletter December 2018. In this edition you will find links to:

  • recent work on environmental-economic accounting for the forestry sector
  • updates on Combining Forces – joining public and private sector efforts to tackle natural capital depletion and degradation
  • recent advances in the application of water ecosystem accounting
  • publications, recommended reading and information on event presentations

Reflections on Natural Capital Week 2018

With another year coming to an end, leading organisations across the private and public sectors interested in Natural Capital Accounting (NCA) convened in Paris to share and collaborate in preparation for 2019.

IDEEA Group Directors Mark Eigenraam and Carl Obst were in attendance. Carl Obst co-hosted the Combining Forces workshop with Mark Gough, Natural Capital Coalition (NCC) Executive Director, at the Natural Capital Policy Forum. The workshop familiarised attendees with the motivation of Combining Forces and presented 5 priority areas for advancing work on Combining Forces (for an overview, see this report).

Mark Eigenraam supported Forico’s Simon Cook during a presentation at the NCC Collaboration Day. Simon, who worked closely with IDEEA Group to apply the System of Environmental-Economic Accounting principles to the management of the Forico estate, discussed the motivations for, and the benefits of, employing environmental-economic accounting. An overview of the Forico work program is provided here.

Overall, there were many insights into the different natural capital projects being undertaken across the globe. It became evident that the appetite of business and government to implement environmental-economic accounting to underpin the implementation of the NCC Protocol is growing. Please contact us if you want to see how environmental-economic accounting can help your organisation to deliver a set of NCA’s.

Supporting the business case – why members of the Alliance for Water Stewardship should adopt the SEEA as a measurement and evaluation tool

A strong, robust evidence base that is easily shared and communicated between stakeholders is critical to support the objectives of the Alliance for Water Stewardship (AWS). Communicating the impacts of AWS certification to public sector agencies, green investors and philanthropists has the potential to generate benefits to implementers that will enhance the business case for water stewardship.

During 2018 IDEEA Group built on past work with the AWS to demonstrate the practical application of the System of Environmental Economic Accounts in two of China’s industrial parks. The project report finds that there is great potential for the adoption of environmental-economic accounting but also underlines the importance of working with local experts who have access to data and local knowledge. IDEEA Group Director, Carl Obst, presented this work at the October AWS Global Conference in Edinburgh.

IDEEA Group will continue to work with the AWS in 2019 and beyond. By building a common language that is easily understood by all AWS stakeholders, we hope to provide a basis for collaboration and maximise the benefits of AWS water stewardship. Stay tuned!