Capital costs and performance characteristics for utility. Contabilidad del capital natural portada del banco mundial. It is from this natural capital that humans derive a wide range of services, often called ecosystem services, which make human life possible. Towards a definition of natural capital revised draft of 3 november 2014 the london group at it 20 th meeting on 1517 october 2014 in new delhi agreed to look into the issue of a statistical definition of natural capital, with the aim to establish a concordance table between the combined.
Two of these clean water and fertile soil underpin our economy and society. Applying the natural capital protocol this brings us to a conclusion that there is a need to revisit the core elements of current business models to not only include financial risks, but the growing scarcity of natural capital and factor in. Youll also have a chance to take a short quiz after the lesson to reinforce. Natural capital can be defined as the worlds stocks of natural assets which include geology, soil, air, water and all living things. The natural capital protocol is a decision making framework that enables organizations to identify, measure and value their direct and indirect impacts and dependencies on natural capital. Natural capital is the worlds stock of natural resources, which includes geology, soils, air, water and all living organisms. The natural capital protocol has created a globally recognized and standardized framework for business. This supplement to the protocol, aims to connect finance and natural capital in the same way, and to create a common language across business, government, civil. Natural resources are classified in various ways, based on their source of origin, renewability factor and on development. Natural capital coalition natural capital protocol. In an integrated environmentaleconomic accounting system, natural capital would be the extension of the economic notion of produced capital to the natural environment, i. Some natural capital assets provide people with free goods and services, often called ecosystem services. Social capital and social wellbeing discussion paper.
Sustainability, natural capital, services ecosystem. It is essential to know and understand these types, which can be very well done with this printable chart. In this lesson, youll learn about capital and some related concepts. Gudynas capital natural patrimonio ecologico ecologia social. Engage fourth and fifth grade children with this handson cut and glue activity pdf of. The natural capital protocol is a decision making framework that enables organizations to identify, measure and value their direct and indirect impacts and dependencies on natural capital all organizations, to varying degrees, are dependent on the health of the natural world, and often these organizations likewise impact on natures ability to underpin their success. All organizations, to varying degrees, are dependent on the health of the natural world, and often these organizations likewise impact on natures ability. The natural capital approach nca is a means for identifying and quantifying natural resources and associated ecosystem goods and services that can help integrate ecosystemoriented management with economic decisionmaking and development.