Natural capital accounting perspectives: a pragmatic way forward
Introduction: Recent debates surrounding the application of natural capital accounting (NCA) have produced several approaches to further develop this system, as well as highlighted a number of conceptual and methodological issues that need to be resolved before mainstreaming NCA into policy and deci...
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Taylor & Francis Group
2019
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oai:doaj.org-article:bc1cbc26ac1945439f8f7e43820f73932021-12-02T17:55:40ZNatural capital accounting perspectives: a pragmatic way forward2332-887810.1080/20964129.2019.1682470https://doaj.org/article/bc1cbc26ac1945439f8f7e43820f73932019-01-01T00:00:00Zhttp://dx.doi.org/10.1080/20964129.2019.1682470https://doaj.org/toc/2332-8878Introduction: Recent debates surrounding the application of natural capital accounting (NCA) have produced several approaches to further develop this system, as well as highlighted a number of conceptual and methodological issues that need to be resolved before mainstreaming NCA into policy and decision making. We argue that prolonged debate over the value concepts (i.e., exchange versus other values) underpinning different modifications to NCA has slowed progress in experimentation and uptake by policymakers.Outcomes: Consequently we propose three broad approaches which can be progressed in parallel to reinvigorate experimentation with the NCA principles and practice, while at the same time generating policy relevant tools and evidence bases for decision support. The three approaches are; extended SNA accounting anchored to the use of exchange values; a complementary accounts network (CAN) that utilizes plural values as supplementary accounts to the SNA system; and wealth accounting that focuses on measures of welfare and wellbeing. The three approaches are complementary and data developed in any one can inform the other two.Conclusions: We contend that CAN offers the most flexibility and opportunities to progress short term support for decision making on environmental issues which are now becoming urgent.Kerry TurnerTomas BaduraSilvia FerriniTaylor & Francis Grouparticlenatural capital accountingseeaecosystem accountingwealth accountingexchange valueswelfare valuesEcologyQH540-549.5ENEcosystem Health and Sustainability, Vol 5, Iss 1, Pp 237-241 (2019) |
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natural capital accounting seea ecosystem accounting wealth accounting exchange values welfare values Ecology QH540-549.5 |
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natural capital accounting seea ecosystem accounting wealth accounting exchange values welfare values Ecology QH540-549.5 Kerry Turner Tomas Badura Silvia Ferrini Natural capital accounting perspectives: a pragmatic way forward |
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Introduction: Recent debates surrounding the application of natural capital accounting (NCA) have produced several approaches to further develop this system, as well as highlighted a number of conceptual and methodological issues that need to be resolved before mainstreaming NCA into policy and decision making. We argue that prolonged debate over the value concepts (i.e., exchange versus other values) underpinning different modifications to NCA has slowed progress in experimentation and uptake by policymakers.Outcomes: Consequently we propose three broad approaches which can be progressed in parallel to reinvigorate experimentation with the NCA principles and practice, while at the same time generating policy relevant tools and evidence bases for decision support. The three approaches are; extended SNA accounting anchored to the use of exchange values; a complementary accounts network (CAN) that utilizes plural values as supplementary accounts to the SNA system; and wealth accounting that focuses on measures of welfare and wellbeing. The three approaches are complementary and data developed in any one can inform the other two.Conclusions: We contend that CAN offers the most flexibility and opportunities to progress short term support for decision making on environmental issues which are now becoming urgent. |
format |
article |
author |
Kerry Turner Tomas Badura Silvia Ferrini |
author_facet |
Kerry Turner Tomas Badura Silvia Ferrini |
author_sort |
Kerry Turner |
title |
Natural capital accounting perspectives: a pragmatic way forward |
title_short |
Natural capital accounting perspectives: a pragmatic way forward |
title_full |
Natural capital accounting perspectives: a pragmatic way forward |
title_fullStr |
Natural capital accounting perspectives: a pragmatic way forward |
title_full_unstemmed |
Natural capital accounting perspectives: a pragmatic way forward |
title_sort |
natural capital accounting perspectives: a pragmatic way forward |
publisher |
Taylor & Francis Group |
publishDate |
2019 |
url |
https://doaj.org/article/bc1cbc26ac1945439f8f7e43820f7393 |
work_keys_str_mv |
AT kerryturner naturalcapitalaccountingperspectivesapragmaticwayforward AT tomasbadura naturalcapitalaccountingperspectivesapragmaticwayforward AT silviaferrini naturalcapitalaccountingperspectivesapragmaticwayforward |
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