The Ministry of Statistics & Programme Implementation has initiated the work of compilation of environmental accounting under the “Natural Capital Accounting and Valuation of Ecosystem Services” Project.

Wealth Accounting and Valuation of Ecosystem Services (WAVES) is a global partnership that uses natural capital accounting to mainstream naturalcapital considerations into economic policy.

NSO India with the support of the IMG and the technical guidance provided under the EU-funded project, in 2018, released “EnviStats India 2018 – A Supplement on Environment Accounts”.

Environmental Accounting for a mega-diverse country like India is packed with challenges – from requirements of huge datasets and several microscopic studies to synchronising all of these so that they speak to each other and can yield consistent estimates. An implementation plan for environment accounting was drawn by the Expert Group on “Green National Accounts in India”, constituted under the Chairmanship of Prof. Sir Partha Dasgupta.

The National Resource Efficiency Policy (NREP), 2019 seeks to create a 12 facilitative and regulatory environment to mainstream resource efficiency across all sectors 13 by fostering cross-sectoral collaborations, development of policy instruments, action plans 14 and efficient implementation and monitoring frameworks.

Maintaining 'natural capital', i.e. ecosystems and the services they provide, is fundamental to human economic activity and well-being. The need to conserve and enhance natural capital is therefore an explicit policy target in the EU's Biodiversity Strategy to 2020 and its Seventh Environment Action Programme.

The Inclusive Wealth Report (IWR) is a biennial effort led by the UN Environment to evaluate the capacities and performance of the nations around the world to measure sustainability of economy and wellbeing of their people.

The System of National Accounts (SNA) is an accounting framework for measuring the economic activities of production, consumption and accumulation of wealth in an economy during a period of time. The SNA provides a comprehensive conceptual and accounting framework for analyzing and evaluating the performance of an economy.

In the last decade, the international community has increasingly recognized the central role of sustainable consumption and production in the implementation of sustainable development. As a result, the mining sector, like other primary commodity sectors, has seen a wide variety of multistakeholder, market-based supply chain initiatives arise.

More than forty states worldwide currently pursue explicit political strategies to expand and promote their bioeconomies. This paper assesses these strategies in the context of the global Sustainable Development Goals (SDGs). Theoretical framework differentiates between four pathways of bioeconomic developments.

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