Newsletter, Issue 7, July 30, 2013

Wealth'Accounting'and$theValuation'of'Ecosystem'Services

WAVES is a global partnership that aims to promote sustainable development by ensuring that the nationalaccounts used to measure and plan for economic growth include the value of natural resources. Learn More

Website I About Us I Natural Capital Accounting I Our Approach I Partners I Events I Publications

Dear Colleagues, Rich in water resources, minerals and lush forests, countries in Latin America andthe Caribbean are showing a growing interest in natural capital accounting (NCA).The WAVES team spoke with Kristina Taboulchanas, a specialist in environmentalstatistics and accounts with the United Nation's Economic Commission for LatinAmerica and the Caribbean (ECLAC), about this trend and how WAVES cansupport ECLAC's efforts. We also report on a workshop held in Panama late June that was attended byrepresentatives from nine countries in Latin America to promote the importance ofstrengthening environmental statistics and NCA in the region.

In early July, over 100 officials from 25 countries came together in Nairobi, Kenyato discuss shared experiences on implementing inclusive, green economyapproaches as a means for reducing poverty and ensuring sustainabledevelopment. The Green Economy workshop also helped identify how the UNsystem and partners can better respond to country demand to implement theseapproaches.

A new World Bank research paper shows that protecting biodiversity has globalbenefits, but conserving natural areas has big opportunity costs for developingcountries. Read how WAVES is progressing in Botswana and Madagascar, two of our fivecore implementing partners.

Table of ContentsNCA Gaining Momentum in LatinAmerica and the Caribbean

Talking about Green Economy inNairobi

Biodiversity and NationalAccounting

WAVES updates in Botswana andMadagascar

Upcoming Events

Recent Publications

NCA in the News

News from our Partners

Upcoming Events

Ecosystem Services PartnershipConferenceBali, IndonesiaAugust 26-30, 2013

Recent Publications

UK Office of Nat'l Statistics | 2013 Series of Recent Publications onNational Well-Being/WealthAccounting

Science | 2013Bringing Ecosystem Services intoEconomic Decision-Making: Land

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Remember to keep us posted on work you are doing in the field and within yourorganizations so we can all stay on top of these combined efforts on NCA! Thanks, the WAVES Team

NCA Gaining Momentum inResource-Rich Latin America andthe CaribbeanKristina Taboulchanas of the United Nation's EconomicCommission for Latin America and the Caribbean talks aboutthe challenges and opportunities in implementing naturalcapital accounting in the region and how ECLAC and WAVEScan join forces to make this a reality.

Talking about GreenEconomy in NairobiA Green Economy workshop in Kenya provideda forum for over 100 officials and experts from25 countries, to discuss a range of assessmentand modeling tools to help countries.

Biodiversity and NationalAccountingA new World Bank research paper showsBiodiversity provides a range of benefits to theeconomy. These values can be captured innational accounts, leading to better estimates ofthe economic losses when natural areas aredegraded or destroyed. Read More or DownloadPaper.

WAVES Implementationin Botswana, MadagascarRead how WAVES is progressing in Botswanaand Madagascar, two of our five coreimplementing partners.

Use in the United Kingdom

Ecological Economics | 2013Ecosystem Services and Ethics

Multimedia

WAVES | 2013 Video: Natural Capital Accountingin Action

WAVES Voices:"Without(environmental(statistics,(the(policy(making(process(is(blind.(How(do(weachieve(sustainable(development(without(the(appropriate(information(to(identifyneeds,(set(goals(and(monitor(progress?"((($Kristina'Taboulchanas,'a'specialist'inenvironmental'statistics'and'accounts'with'the'United'Nations'Economic'Commission'forLatin'American'and'the'Caribbean'(ECLAC)

Natural Capital Accounting in the NewsJuly 29, 2013Huffington Post CanadaAn Economic Case To Protect Our Natural Treasures

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July 17, 2013The World BankOvercoming India's environment challenges to promote development

July 14, 2013NatureNatural defences can sharply limit coastal damage

July 14, 2013USA TodayDunes, reefs protect U.S. coasts from climate change

July 13, 2013The EconomistNature's Banker

July 12, 2013GreenBiz.comWhy Disney, BP and Rio Tinto are exploring ecosystem services

July 11, 2013European Space AgencyNature Valued from Space

July 10, 2013The GuardianWhy companies need to be held to account over their environmental debt

July 10, 2013Center for International Forestry Research BlogGreen economy would highlight full value of forests

July 2, 2013BBCShared Planet: Valuing Nature

June 27, 2013La Prensa Environmental Meeting Opens in Panama

News from our PartnersTEEBTEEB Director Dorothy Maxwell contributor to Envision magazine article on business risk of delayingmeasurement/management of natural capitalJune 2013

United Nations Environment Programme (UNEP)Caribbean Green Economy Conference, St. Lucia(Conference highlights and resources)June 4-6, 2013

UNEP/TEEBWorld Forum on Natural Capital, Edinburgh, Scotland, November 21-22, 2013

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