Valuing Natural Capital’s Contribution to Economic Well-Being Government budgets are allocated according to the strength of political and economic arguments. Economic arguments to support public policy and investment in natural capital and ecosystem services are often weak due to the complexities involved in valuing these life support systems, especially in the terms that … [Read more...] about Developing Tools for Valuing Natural Capital’s Contribution to Economic Well-Being: OPEN IEEM
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Natural Capital Accounting for Evidence-Based Policy
Natural capital accounting (NCA) broadens our standard measures of economic performance (e.g. GDP) by taking stock of the very foundation of wealth- a nation’s environmental resources. In the last decade, we have witnessed a surge in activity in this space with significant advances in the transdisciplinary science of measuring the environment’s contribution to wealth and … [Read more...] about Natural Capital Accounting for Evidence-Based Policy
Delivering on the Paradigm of Evidence-based Policy Advice
In a previous post on understanding natural capital accounting, we presented the System of Environmental-Economic Accounting (SEEA) Central Framework as an important advance in support of evidence-based policy and analysis. The SEEA is a framework, consistent with the United Nations System of National Accounts, for organizing data describing the interactions between the … [Read more...] about Delivering on the Paradigm of Evidence-based Policy Advice
Costa Rica: a leader in environmental-economic accounting
The IEEM Platform project collaborates with governments and other institutions to demonstrate its advantages for public policy and investment analysis. Today, I am going to tell you about our experience with The Central Bank of Costa Rica (BCCR) and how IEEM was the right tool for the BCCR for two main reasons. As the Central Bank’s principal objective is to manage … [Read more...] about Costa Rica: a leader in environmental-economic accounting
3 Tips in evidence-based public policy making: demonstrate, integrate and institutionalize
I have been talking about the IEEM Platform for quite a while now. However, there have been significant developments from the previous post. The IEEM Platform is transforming the use of natural capital accounts within countries and international institutions across the globe. To date, IEEM Platforms have been developed in Guatemala, Costa Rica, Colombia, Rwanda and Zambia, … [Read more...] about 3 Tips in evidence-based public policy making: demonstrate, integrate and institutionalize