Transformational change is possible, but design and implementation must seek to avoid lock-in.
View Article and Find Full Text PDFProc Natl Acad Sci U S A
August 2024
Successful implementation of the Kunming-Montreal Global Biodiversity Framework requires identifying a process for measuring and valuing changes in biodiversity that build on the recognition that economics and valuation must play a key role in "halting and reversing" biodiversity loss. Here, we discuss considerations for a practical path to valuing changes in biodiversity. Framing changes in the value of biodiversity as a summary of changes in certain natural assets enables leveraging existing approaches and international standards associated with environmental-economic accounting.
View Article and Find Full Text PDFIntegrated policy changes must be cross-sectoral, appropriate, strategic, and evidence-based.
View Article and Find Full Text PDFNature loss threatens businesses, the global economy and financial stability. Understanding and addressing these risks for business will require credible measurement approaches and data. This paper explores how natural capital accounting (NCA) can support business data and information needs related to nature, including disclosures aligned with the Taskforce on Nature-related Financial Disclosures recommendations.
View Article and Find Full Text PDFAs people get richer, and ecosystem services scarcer, policy-relevant estimates of ecosystem value must rise.
View Article and Find Full Text PDF