Wealth Accounting and the Valuation of Ecosystem Services
The Wealth Accounting and the Valuation of Ecosystem Services (WAVES) partnership aims to promote sustainable development by ensuring that natural resources are mainstreamed into development planning and national economic accounts. It has published a series of policy briefs on the topic.
Relevance for the Short Term Action Plan on Ecosystem Restoration:
A major step towards the adoption of accounting for natural capital was the adoption by the UN Statistical Commission of the System for Environmental and Economic Accounts (SEEA) in 2012. This provides an internationally agreed method to account for material natural resources like minerals, timber and fisheries, relevant to activity B7.
- B7: Develop accounting processes
Global Program for Sustainability