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14 May 2025

A new framework for ecosystem condition accounts in Australia

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In February this year, the Australian Bureau of Statistics (ABS) published Australia’s first set of National Ecosystem Accounts. The accounts follow the United Nations System of Environmental Economic Accounting Ecosystem Accounting (SEEA EA) – the international standard for natural capital accounting.

The ABS will publish the National Ecosystem Accounts each year. This will provide consistent information about the relationship between the environment, society and the economy in Australia. Over time, the accounts will demonstrate trends in this crucial relationship and will allow us to track progress in a number of areas including:

  • impacts of nature positive projects
  • changes to wellbeing
  • improvements in productivity
  • responses to climate change
  • opportunities for biodiversity conservation.

Ecosystem condition in the SEEA EA

Ecosystem condition is a fundamental part of the SEEA EA and consequently the National Ecosystem Accounts.

The SEEA EA defines ecosystem condition as the quality of an ecosystem as measured in terms of its abiotic (non-living) and biotic (living) characteristics. The structure of the SEEA EA ecosystem condition accounts can be used to organise data to meet national and international reporting requirements. But the SEEA EA does not prescribe how each country should measure and report on ecosystem condition. This reflects the variety of ecosystem types around the world and the differences in resources available for data collection.

Australia, therefore, needs to establish our own ecosystem condition measurement framework, customised to our unique ecosystems.

A collaborative project to develop an ecosystem condition framework for Australia

IDEEA Group is pleased to let you know that we will be working with the Australian National University (ANU) and Griffith University on a collaborative project with the the Australian Government Department of Climate Change, Energy, Environment and Water (DCCEEW). Together, we will develop a condition measurement framework and associated implementation plan for ecosystem condition accounts. Our work will be intrinsically aligned to the SEEA and will ultimately provide an effective resource for those preparing condition accounts in any context across Australia.

The SEEA EA recommends compiling condition accounts using the following steps:

  • identify ecosystem condition characteristics (qualitative)
  • identify condition variables (quantitative, unscaled)
  • identify condition indicators (scaled against reference condition levels)
  • develop a condition index (aggregation of condition indicators).

To apply the SEEA EA approach in an Australian context, our team will draw upon the large amount of existing literature and research on Australian methods for measuring ecosystem condition.

We will address the following questions:

  • What can we learn from the ecosystem condition methods in use in Australia already to support further development of an Australian condition account? We will consider each method’s purpose, scope and alignment with the SEEA EA.
  • How can the Australian Government ensure that an Australian ecosystem condition measurement framework is fit for purpose?
  • What ecosystem characteristics should be measured as part of future ecosystem accounts? How can the account best encompass the range of characteristics described in the ecosystem condition typology?

This project will take place over the next few months, and we look forward to letting you know more about the framework and implementation plan once the project is complete.

 

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Director

Mark Eigenraam

Mark has worked in natural capital accounting for over 20 years. He's helped develop environmental markets. And he's worked in academic institutions and government agencies at all levels.
Mark produced Australia’s first set of experimental ecosystem accounts. He also worked at the United Nations in New York on the System of Environmental-Economic Accounting (SEEA) – the international standard.
Mark advises organisations around the world in the application of natural capital accounting. He develops processes and systems that highlight nature-based risks and opportunities.
Mark has a Master of Commerce, Economics, from the University of Melbourne.
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DIRECTOR

Carl Obst

Carl is a global leader in natural capital accounting. He helps organisations around the world measure the benefits of nature.
Carl was the lead author of the System of Environmental-Economic Accounting (SEEA) – the international standard.
Carl has a background in national accounts, including five years as head of the Australian National Accounts with the Australian Bureau of Statistics. He uses natural capital accounting to help organisations make effective and sustainable decisions.
Carl has a Bachelor of Economics, Econometrics, from the University of New England (AU).
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Senior Economist

Daniel Whitaker

Dan is an experienced practitioner in economics, science, risk management and finance.
His expertise includes natural capital accounting, non-market valuation, nature- and climate-related risk analysis, sustainable finance, environmental-economic modelling and carbon and energy economics and accounting.
Earlier in his career, Dan worked as a sustainability and climate change consultant in PwC’s Risk Consulting team. He then held a position at the National Australia Bank, where he advised on financial and non-financial risk management. This included considerable work on climate risk scenario analysis.
In his role with IDEEA, Dan supports public and private sector organisations on the use of natural capital data in investment decision-making, risk management and economic analysis.
Dan holds a Master of Applied Economics and Econometrics from Monash University.
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Senior Economic Analyst

Lachlan Dawson

Lachlan is an adaptable, curious and details focused economist with a passion for sustainably managing Australia’s natural capital. His experience encompasses environmental economic accounts, carbon and biodiversity markets and economic modelling.
Prior to joining IDEEA Group, Lachlan worked as a Nature-Climate Solutions Manager with BirdLife Australia and as a Consultant in Environmental Economics with Marsden Jacob Associates.
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Economist

Ziggy Gelman

Ziggy is an experienced economist who is passionate about identifying the contribution that ecosystems have to our economy and society. In his role with IDEEA Group, Ziggy provides technical analysis of economic and environmental data and supports organisations to understand and integrate a natural capital approach into their operations.
Ziggy has experience in compiling accounts in Victoria, having worked on ecosystem accounts for urban Melbourne, the Great Ocean Road Coast and Parks, Victoria’s forests and Victoria’s marine and coastal region.
Prior to working at IDEEA Group, Ziggy worked with the Victorian Department of Energy, Environment and Climate Action. Ziggy has a Bachelor of Commerce (Economics and Finance) from the University of Melbourne.
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Research Analyst

Maria Angelopoulos

Maria ensures that our client work is accurate, timely and concise. Her broad-reaching research work underpins our natural capital approaches, especially in relation to mapping and collating existing policies and data, and identifying themes.
Maria previously worked as a Research Assistant for Melbourne University’s School of Ecosystem and Forest Sciences where she supported the review of the Montreal Process’ Criteria and Indicator framework on sustainable forest management in Victoria.
Maria holds a Postgraduate Diploma in Environment (Master level program) from the University of Melbourne.
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Implementation Support

Michelle Butler

Michelle is dedicated to understanding our clients’ needs and helping them to harness their data to achieve meaningful impact stories and actionable insights.
Her career is marked by a deep commitment to the Victorian landscape and over 30 years in public service, agriculture and the environment sector. Michelle has worked regionally in diverse roles in field science, advised landholders in revegetation and land management, trained teachers, property owners and Landcare facilitators in natural resource management, coordinated statewide grant, crowd-funded and market-based programs, and managed expert teams advising government on biodiversity issues.
Michelle has applied science, teaching and workplace training experience and qualifications.
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Head of Advisory and Solutions

Muheed Jamaldeen

Muheed is an economist who helps governments and companies value nature, natural hazards and climate risk, and use those values to make investment decisions. He leads IDEEA’s advisory practice, covering cost-benefit analysis, business cases, economic modelling and forecasting, ecosystem service valuation, input-output modelling and nature-related disclosure.
Muheed is focused on the interection between climate and nature, and has undertaken studies for both public and private sector clients applying advanced econometric modelling and spatial analytics to tackle some of Australia’s trickiest policy and strategy questions.
Prior to IDEEA, Muheed was a Director at Deloitte Access Economics, where he led the NSW land-use and infrastructure economics practice. Before that he was an Assistant Director at the Federal Treasury, and former Senior Economist at Oxfam. He holds a Master of Economics and a Bachelor of Economics (Hons) from Macquarie University.
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GIS Specialist

Daniel Vardon

Daniel manages IDEEA Group’s spatial data infrastructure, ensuring all geospatial datasets are standardised, catalogued and easily accessible across projects.
Daniel develops and maintains workflows that translate raw spatial data into accounts-ready formats for natural capital and environmental reporting. He is passionate about supporting natural capital accounting with high-quality spatial information and analysis.
Daniel has a Bachelor of Environmental Science from the Australian National University and is currently studying for a Master of Geospatial Science at RMIT.