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Natural Capital in a Nordic context

Status and Challenges in the Decade of Biodiversity

image of Natural Capital in a Nordic context

The report reviews different international approaches for natural capital accounting. The five approaches reviewed are attempts to help create an improved evidence base on the links between biodiversity and ecosystems on the one hand and economic and human wellbeing on the other in view of better informing decision-making in a variety of contexts. The strengths and weaknesses of the approaches are evaluated in the light of the policy goals, institutions and conditions in the Nordic countries. The analysis has been carried out during the period September 2012 – January 2013 by Gaia Consulting Oy and the Institute of European Environmental Policy. The project was commissioned by the Nordic Council of Ministers.

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Natural capital accounting in the Nordic countries

This section describes briefly some key policies and activities related to monitoring biodiversity and biodiversity related targets and biodiversity or ecosystems accounting in each Nordic country. The goal of the overview is also to give some insight into the status of the implementation of the CBD targets related to biodiversity and natural capital in the Nordic countries. In addition, the inclusion of values of biodiversity and natural capital in national accounting systems is also of interest. In the context of this study, some needs and criteria for accounting systems of natural capital and biodiversity values are identified for each country.

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