Overview of the New Zealand

Natural Capital Assessment May 2014

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TEEB on Natural Capital

“Our ecosystems, biodiversity and natural resources – underpins economies, societies and individual well-being.

In addition to traditional natural resources such as timber, water, and energy and mineral reserves, it also includes biodiversity, endangered species and the ecosystems which perform ecological services”.

www.teeb.org

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Natural Capital Assessment

• An analysis of the direct and indirect

benefits that the environment provides

to the nation’s economy and people’s

health and happiness - focusing on the

links between ecosystems, the

services they provide, and their

contribution to economic progress and

human wellbeing and prosperity.

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Global Assessments

• 2005-Millennium Ecosystem

Assessment completed

• Over 70 ecosystem assessments

initiated

• Global case studies- examples

– Best Practice-UK National Ecosystem

Assessment

• These will inform the NZ approach

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Lessons to apply-NZ NCA

ENGAGE

Engage

Engage

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Natural Capital Assessment-

NZ Fit

• UK- best practice model to inform NZ

approach

• Objective, scope and scale

• Linkages, resourcing and timeframes

• Methodologies and Outputs

– A natural capital legacy

• Where we are at

• Next Steps…

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NZ NCA

• Objective

…to build an evidence-based case

for embedding natural capital and

ecosystem services into policy

processes and decision-making in

order to improve the future

wellbeing and prosperity of New

Zealanders.

Conceptual Framework

REPLACE

*Note that the term good(s) includes all use and non-use, material and non-material

benefits from ecosystems that have value for people.

UK NEA Ecosystem Goods & Services (for people) The UK NEA adopted the MA classification for ecosystem services.

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NCA Valuations

• Aim is to incorporate all values,

drawing from economics, other

social sciences and indigenous

knowledge systems, including

Mātauranga Māori.

• Need for a multi-disciplinary

approach that reflects the New

Zealand context

• OUR legacy?

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Mātauranga Māori

Treasury Living

Standards

Brand NZ & Market Access

Public Sector Reform

(Stewardship)

Stats NZ SEEA

Accounts

Science Challenges

NRS Natural

Capital

Assessment

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NZ NCA Project Outline

• Project Scope:

– What is the value of nature?

– Assessment reports as outputs

– Governance & support -key

• Resourcing

– $NZ1.24-2.5million

• Timeframes

– 24-months (Tentative June 2014)

• Stakeholder engagement at multiple levels

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NCA

Stakeholders

Business & Industry

Civil Society

CRIs & Universities

Iwi

NZ NCA

EXPLORATION AND PLANNING 3 months

LAUNCH AND DESIGN

3 months

CORE ASSESSMENT WORK Up to 12 months

REVIEW PROCESS

4 – 6

COMMS

AND OUTREACH 3 months

Jan-14

START 20 Nov-13

20 Dec 19 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-15 Feb Mar A M J J

NCA Launch

1st design meeting

Advisory Board

Advisory Board

Advisory Board

Stakeholder Input

1st

working group

meetings

3rd

working group

meetings

Advisory Board

Combined working group

meeting

Approval of

business

case

2nd

working group

meetings

Release of draft report to reviewers

Begin Review

Review meetings

Governance Group approval

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Assessment Reports -Questions

• Status and trends

• Drivers of change

• Human well-being

• Public understanding

• Why value ecosystem services?

• Future scenarios...

– economic, environmental, social and cultural

implications

• Protecting the integrity of ecosystem services

• Influence of ecosystem services on decision-

making?

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NCA- Current Status

• Business Case- approved in principle

(Feb 2014)

• Appointment of Project Manager (April

2014)

– Establishment of Secretariat

– Interim Officials & Steering Group

• Next Steps:

– Resourcing=Investment portfolio

– Decision by NRS CEs June 2014

• Business Plan Development…

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NZ NCA Take Home Message

YOUR engagement is key…