In 2020, the African Development Bank (AfDB) and the Green Growth Knowledge Partnership (GGKP) joined forces with the World Wide Fund for Nature (WWF) and the Economics for Nature (E4N) team to launch the Natural Capital for African Development Finance (NC4-ADF) initiative to lay the foundation for mainstreaming natural capital in African develo

The System of Environmental-Economic Accounting (SEEA) is an international statistical standard that uses a systems approach to bring together economic and environmental information to measure the contribution of the environment to the economy and the impact of the economy on the environment.

This Strategy document is envisaged to be a guidance tool that is self-evolving in nature. It will provide the much-needed impetus for moving towards the targeted goal of an improved set of environmental accounts. The strategy also sets a goal for betterment in terms of quality, coverage and standards.

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.