Natural capital defines the spatial context for integrated capital accounting Integrated Capital Accounting Tool (ICAT®) for Natural Capital Managers, Version 2.0 (May 2020) introduces a powerful new methodology for integrated capital accounting, building upon the spatial analysis approach that underpins [...]
The Victorian Government Department of Land, Water and Planning (DELWP) is the state's leading agency promoting and delivering sustainable development in Victoria, Australia. The DELWP Corporate Plan aims to enhance its ongoing commitment to sustainable development both locally and globally, [...]
New research co-authored by University of Melbourne fellow and IDEEA Group director Carl Obst, shows that an increasing number of countries are publishing ecosystem accounts, helping to embed nature in economic and financial decisions. The United Nations System of Environmental-Economic Accounting [...]
The OECD have called for advancements to be made in environmental monitoring and evaluation in Australia. In the third Environmental Performance Review of Australia, the OECD provides 50 recommendations to help Australia better manage its environment. The recommendations relate to climate change, [...]
With another year coming to an end, leading organisations across the private and public sectors interested in Natural Capital Accounting (NCA) convened in Paris to share and collaborate in preparation for 2019. IDEEA Group Directors Mark Eigenraam and Carl Obst were [...]
A strong, robust evidence base that is easily shared and communicated between stakeholders is critical to support the objectives of the Alliance for Water Stewardship (AWS). Communicating the impacts of AWS certification to public sector agencies, green investors and philanthropists has [...]
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 [...]
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 [...]
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, [...]
Natural capital has both private and public dimensions that are reflected in different perceptions, management and decision-making approaches. These differences often lead to overuse and poor management of natural capital – often referred to as the tragedy of the commons – [...]
