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This year looks set to be a pivotal one for the development of natural capital.
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This study carries out interregional comparisons of development and sustainable use of natural capital with and without inclusion of non-marketed ecosystem services.
In order to find ways to remedy these deficiencies in planning for sustainable development this paper considers how the concept of natural capital might be used to develop a more strategic focus when assessing proposals.
This center works with global institutions and overseas development agencies to further the understanding of the value of natural capital and to embrace policies, good governance and development investments that recognize nature's essential role in healthy, sustainable -- and peaceful -- societies.
Concerning developing countries, the factor which is considered as the most relevant in preventing the use of natural capital accounts for policy making is the stage of development of the country.
But in practice, accounting for the impact of natural capital on a company's balance sheet is a recent and still controversial development.
The evidence shows systematic under-investment in human capital, inadequate attention to institutional capital, and over-exploitation of natural capital.
On land the project calculates the annual loss of natural capital from natural ecosystems like forests at $2 trillion to $4.5 trillion.
Restoration of natural capital is a major industrial sector that requires continually increasing investment to provide the renewable resources required for development and to adapt ecosystems to climate change.
Within the ecosystem services framework, valuations of natural capital have primarily taken a landscape-scale approach.
This paper explores the concept of cultural capital and suggests a framework for assessing its influence in the management and use of natural capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com