OPERAs webinar 3 question by Dara Carroll

What is the role of Natural Capital Accounting and what tools / metrics should be used e.g Natural Capital Coalition's Natural Capital Protocol?


Ariane Walz: Natural Capital Accounting as not the prime focus in any of the non-monetary valuation presentation. The focus of these presentations was in identifying social values for regional/local context decisions, to make people´s appreciation visible, learn about the underlying reasons for their values, and show preferences for future developments (see above). Different to Natural Capital Accounting we don´t necessarily need to identify these values in comparable units and in a manner that allows comparison with other areas. Still, a subset of the techniques proposed techniques used in such regional decision-making context builds on monetary terms.

Posted on: 3 Oct 2017 - 11:56