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A pair of reading glasses in front of several screens showing figures and computer code for adopting the 2025 System of National Accounts

Adopting the 2025 System of National Accounts

21 March 2025
Water droplets on leaves for encouraging accountants to embrace nature

Encouraging accountants to embrace nature

2 April 2025

28 March 2025

New measures for sustainable tourism

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In 2024, a staggering 1.4 billion tourists arrived in destinations around the world. Global tourism is returning to pre-pandemic levels, with the sector’s global economic contribution projected to reach an all-time high of USD$11.1 trillion in 2024.

As you can imagine, tourists make substantial environmental and social impacts on our vulnerable planet. Tourists also depend on the presence of high-quality environmental and cultural locations. That’s why sustainable tourism remains a key social and environmental goal.

At IDEEA Group, we focus on measuring the benefits of nature to support decision making and long-term social and economic planning. This includes measuring the impacts and dependencies of tourism on the environment.

Recently, there have been two important updates to the way we measure the sustainability of tourism:

  1. More opportunities for measuring tourism at the local scale
  2. New tourism employment indicators.

Let’s unpack what’s changed.

Measuring tourism at the local scale

In 2024, the United Nations endorsed the Statistical Framework for Measuring the Sustainability of Tourism (SF-MST 2024). This endorsement was a huge step for sustainable tourism that offers a consistent approach for comprehensive measurement of tourism around the world.

In the past, tourism statistics have focussed on national and regional scales, despite many tourism impacts occurring at the local and community level. The SF-MST 2024 addresses this with the inclusion of the local tourism destination scale, offering an extended conceptual framework for measuring tourism by including the spatial perspective in official tourism statistics.

This represents a critical shift in the measurement of tourism, marking the first time the spatial dimension has been formally integrated into international tourism statistics standards.
A team of researchers in Spain applied this thinking and developed an innovative conceptual model that incorporates the local destination scale, and aligns the demand, supply, and spatial perspectives. This contribution lays the foundation for significant advancements in tourism statistics, offering a more comprehensive understanding of tourism dynamics at the local level. By increasing the granularity of measurement, it establishes the groundwork for significant advancements in tourism research and management.

The development of the statistical and conceptual framework offers a methodological foundation for a more detailed understanding of tourism patterns, facilitates data integration, enables systematic monitoring, and could even empower local communities.

You can read the full paper, titled The Local Turn in Tourism Statistics Within the Statistical Framework for Measuring the Sustainability of Tourism 2024 here.

New tourism employment indicators

The United Nations has adopted a new tourism employment indicator as part of the official Sustainable Development Goals (SDGs) Indicator Framework.

This is an important step in recognising tourism’s role in sustainable development.

This landmark decision was endorsed at the 56th session of the UN Statistical Commission in March 2025. The decision means that – for the first time – global data on tourism employment will be systematically monitored within the SDG monitoring process.

It also increases the number of official tourism SDG indicators from two to three, raising recognition of the sector’s global contribution to economic and social progress.

UN Tourism Secretary-General Zurab Pololikashvili said:

‘What gets measured, gets done. As part of Goal 8, we strive for sustainable tourism that creates jobs. The new tourism employment indicator goes beyond GDP to enhance our understanding of tourism’s potential for social progress. Policymakers will be better equipped to identify gaps, address inequalities, and maximize tourism’s social and economic benefits – ensuring no one is left behind.’

Where to from here?

There are extensive links between the measurements for sustainable tourism and other natural capital accounting measurements, including ecosystem and ocean accounting. The comprehensive picture offered by natural capital accounts allows countries and communities to understand their unique environments and, from there, make better decisions and targeted investments.

It’s vital to support the growing tourism industry and the economic benefits it creates. But we must balance this with prudent social and environmental decision-making.

IDEEA Group Director, Carl Obst, has been at the forefront of work to develop the SF-MST 2024 building on his leading work on the SEEA. If you would like more information on how these frameworks can be applied in your context please get in touch.

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Image credit: A screenshot from the Open Sky Network map of global plane activity.

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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.