果冻影院

XClose

果冻影院 Faculty of Laws

Home
Menu

Landmark study of natural capital law and policy launched at world summit of legislators

13 June 2014

Working in partnership with the Global Legislators Organisation, GLOBE International, 果冻影院 has published a review of national laws and policies in 21 countries concerning natural capital accounting.

Ben Milligan

The study featured contributions from 56 individuals, including parliamentarians, government officials, external consultants, and subject matter experts from 果冻影院.

The study was officially launched on 7 June 2014 at the 2nd World Summit of Legislators, hosted by the Mexican Congress of the Union in Mexico City. More than 500 presidents, speakers and senior legislators from around the world attended the Summit. One of the study鈥檚 lead authors聽聽of the 果冻影院 Centre for Law and Environment, based at 果冻影院 Laws, highlighted the study鈥檚 objectives and key conclusions in an address to the Summit鈥檚 plenary session.

Commenting on the launch of the new study, Dr Milligan said: 鈥淭he concept of natural capital is attracting political聽interest globally because it helps economic decision-makers to account for the fact that the natural environment is the foundation on which economic prosperity is built. Characterising the environment as an economic asset聽provides a potential means to reconcile聽the urgent need to protect the environment,聽with聽the legitimate interest of billions of people globally to pursue poverty alleviation and聽economic聽development.鈥

The term 鈥榥atural capital鈥 refers to components of the natural environment, for instance healthy ecosystems, that provide economically valuable goods and services like food, fuel, and water quality regulation.聽Natural capital accounting is a process that supplements conventional measures of economic activity such as GDP, to provide data and information concerning the economic importance of environmental assets.

The Study identifies a flexible set of options for enabling natural capital accounting, highlighting key experiences, challenges and lessons learned in the 21 featured countries, including the UK, India, Nigeria and China. It also outlines a roadmap for future action to improve the global knowledge-base concerning legal and policy options for managing natural capital.

, Director of the聽聽said: 鈥淕etting serious about the sustainable use of natural capital requires that governments measure and monitor it as carefully as they do the other physical infrastructure and income flows in their countries. There are now robust and widely accepted methodologies for doing this, that urgently need to be implemented. We commend GLOBE International for setting up its Natural Capital Initiative to help bring this about, and are pleased to have contributed this report which charts countries鈥 progress in natural capital accounting. We very much hope this report, and its successors, will add to the momentum in this area that GLOBE International has engendered.鈥

Dr Ben Milligan comments on the launch in Inter Press Service article:聽