Monthly Archives: November 2018

Combining Forces: efforts to prevent the degradation and depletion of natural capital must be consolidated, life on Earth necessitates it.

Numerous efforts and initiatives to advance and develop natural capital thinking have emerged over the past 10 years. The approaches vary across disciplines and the private and public sectors resulting in a cluttered and confusing landscape. Are they competing, are they [...]

Out with the old and in with the new – extending the production boundary of GDP to account for ecosystem services

It is widely understood that GDP, as a measure of economic activity, fails to recognise the depletion or degradation of natural capital. A key feature of national accounting (which underpins GDP) is the recording of transactions between economic units, households, business [...]

Accounting for ecosystem services in the forest sector – Forico, Tasmania

Since 2016, Forico and IDEEA Group have worked together to apply the United Nations System of Environmental-Economic Accounting (SEEA) in the Forico Estate. Phase 1 of the work program explored the feasibility of applying the SEEA framework to the Forico estate, [...]