The State of Natural Capital: Towards a framework for measurement and valuation

The State of Natural Capital: Towards a framework for measurement and valuation The State of Natural Capital: Towards a framework for measurement and valuation A report from the Natural Capital Committee April 2013 Natural Capital Committee Background information on the Natural Capital Committee The Natural Capital Committee (NCC) was one of the headline commitments in the Government‟s Natural Env. [...] The NCC‟s role is to: help the Government better understand how the state of the natural environment affects the performance of the economy and individual wellbeing in England; and advise the Government on how to ensure England‟s „natural wealth‟ is managed efficiently and sustainably, thereby unlocking opportunities for sustained prosperity and wellbeing. [...] In addition to this first State of Natural Capital Report, the NCC has been active in the following areas: Accounting for natural capital: working with the Office for National Statistics to develop and implement the „roadmap‟ to embed natural capital in the UK‟s Environmental Accounts; and working with business, accounting bodies and major land-owners to catalyse public and corporate natural cap. [...] Our remit is to help the Government better understand how the state of the natural environment affects the performance of the economy and wellbeing and to provide advice on how to manage our „natural wealth‟ in an efficient and sustainable way. [...] Definition of natural capital asset: Define the component of natural capital under consideration, the temporal and spatial scales being considered and the relationship between the natural capital asset and the services it provides, directly or in conjunction with other assets; 2.