ONS & Defra release 'Principles of Natural Capital Accounting'

North York Moors National Park
24 February 2017

The Office for National Statistics (ONS) and Department for Environment, Food & Rural Affairs (DEFRA) have released 'Principles of Natural Capital Accounting (version 2.0)' - a background paper for those wanting to understand the concepts and methodology underlying the UK Natural Capital accounts being developed by ONS and Defra.

The paper takes into account the experience gained in developing the first set of accounts and also reflects the progress made by the international community in developing the conceptual framework for ecosystem accounting.

Work has focussed on developing natural capital accounts to be conceptually consistent with the System of National Accounts, in order to facilitate comparison and potential integration with accounting data for the wider economy.

You can download the paper here or from DEFRA's website via this link.

For more information about ONS-Defra work on measuring natural capital and ecosystems, see the following link.