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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Autores principales: Kerry Turner, Tomas Badura, Silvia Ferrini
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Lenguaje:EN
Publicado: Taylor & Francis Group 2019
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Acceso en línea:https://doaj.org/article/bc1cbc26ac1945439f8f7e43820f7393
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spelling 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)
institution DOAJ
collection DOAJ
language EN
topic natural capital accounting
seea
ecosystem accounting
wealth accounting
exchange values
welfare values
Ecology
QH540-549.5
spellingShingle 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
description 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
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AT tomasbadura naturalcapitalaccountingperspectivesapragmaticwayforward
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