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The Natural Capital Indicator Framework (NCIF): A framework of indicators for national natural capital reporting

Author

Listed:
  • Alison Fairbrass

    (Institute for Sustainable Resources, University College London, London, UK
    Centre for Biodiversity and Environment Research, University College London, London, UK)

  • Georgina Mace

    (Centre for Biodiversity and Environment Research, University College London, London, UK)

  • Paul Ekins

    (Institute for Sustainable Resources, University College London, London, UK)

  • Ben Milligan

    (Institute for Sustainable Resources, University College London, London, UK
    Faculty of Law, University of New South Wales, Sydney, Australia)

Abstract

It is now widely recognised that components of the environment play the role of economic assets, termed natural capital, that are a foundation of social and economic development. National governments monitor the state and trends of natural capital through a range of activities including natural capital accounting, national ecosystem assessments, ecosystem service valuation, and economic and environmental analyses. Indicators play an integral role in these activities as they facilitate the reporting of complex natural capital information. One factor that hinders the success of these activities and their comparability across countries is the absence of a coherent framework of indicators concerning natural capital (and its benefits) that can aid decision-making. Here we present an integrated Natural Capital Indicator Framework (NCIF) alongside example indicators, which provides an illustrative structure for countries to select and organise indicators to assess their use of and dependence on natural capital. The NCIF sits within a wider context of indicators related to natural, human, social and manufactured capital, and associated flows of benefits. The framework provides decision-makers with a structured approach to selecting natural capital indicators with which to make decisions about economic development that take into account national natural capital and associated flows of benefits.

Suggested Citation

  • Alison Fairbrass & Georgina Mace & Paul Ekins & Ben Milligan, 2020. "The Natural Capital Indicator Framework (NCIF): A framework of indicators for national natural capital reporting," Papers 2005.08568, arXiv.org.
    • Handle: RePEc:arx:papers:2005.08568
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    1. Andrei Bougrov & Robert Johnson & Benno Ndulo & Pedro Paez & Avinash Persaud & Heidemarie Wieczorek-Zeul & Akhtar Aziz Zeti & Charles Goodhart & Jomo Kwame Sundaram & Youssef Boutros-Ghali & José Anto, 2010. "The Stiglitz Report," Working Papers hal-03415638, HAL.
    2. United Nations, 2014. "System of Environmental-Economic Accounting 2012," World Bank Publications - Books, The World Bank Group, number 23959, December.
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    1. Yijie Sun & Jing Li & Zhiyuan Ren & Feipeng Yang, 2023. "Ecosystem Service Trade-Offs and Spatial Pattern Optimisation under Different Land Use Scenarios: A Case Study in Guanzhong Region, China," Land, MDPI, vol. 12(1), pages 1-18, January.
    2. Fanqi Zou & Tinghui Li, 2022. "The Impact of Agricultural Ecological Capital Investment on the Development of Green Circular Economy," Agriculture, MDPI, vol. 12(4), pages 1-21, March.
    3. Fengjie Gao & Jinfang Cui & Si Zhang & Xiaohui Xin & Shaoliang Zhang & Jun Zhou & Ying Zhang, 2022. "Spatio-Temporal Distribution and Driving Factors of Ecosystem Service Value in a Fragile Hilly Area of North China," Land, MDPI, vol. 11(12), pages 1-20, December.
    4. Shanshan Guo & Yinghong Wang & Jiu Huang & Jihong Dong & Jian Zhang, 2021. "Decoupling and Decomposition Analysis of Land Natural Capital Utilization and Economic Growth: A Case Study in Ningxia Hui Autonomous Region, China," IJERPH, MDPI, vol. 18(2), pages 1-18, January.
    5. Wang, Xiaoyu & Peng, Jian & Luo, Yuhang & Qiu, Sijing & Dong, Jianquan & Zhang, Zimo & Vercruysse, Kim & Grabowski, Robert C. & Meersmans, Jeroen, 2022. "Exploring social-ecological impacts on trade-offs and synergies among ecosystem services," Ecological Economics, Elsevier, vol. 197(C).

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