NCAVES India Forum 2021

Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum 2021 is being organised by the Ministry of Statistics and Programme Implementation (MoSPI) virtually over three separate days, on 14, 21, and 28 January 2021.

  • India is one of the five countries taking part in this project - the other countries being Brazil, China, South Africa and Mexico.

Implementing Agencies in India

  • In India, the NCAVES project is being implemented by the MoSPI in close collaboration with the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the National Remote Sensing Centre (NRSC).


  • The NCAVES India Forum will be organized in collaboration with United Nations Statistics Division (UNSD), European Union and UN Environment.


  • The NCAVES Project, funded by EU, has been jointly implemented by the United Nations Statistics Division (UNSD), the United Nations Environment Programme (UNEP) and the Secretariat of the Convention of Biological Diversity (CBD).
  • Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES) can help integrate the concerns of sustainability and conserving the environment for future use while charting the course for economic development.

NCAVES Status of India

  • Since the work related to environment accounting in India is still in its early stages, primarily because of the large number of subjects to be covered under this domain, India would need a collaborative effort involving various stakeholders, including Line Ministries, state governments, multilateral organizations and research institutions for compiling a complete suite of accounts.
  • With a view to facilitate this collaboration and highlight the uses to which natural capital accounts can be put, especially in the areas of decision making and policy analysis, the ministry is conducting the NCAVES India Forum (in a virtual format).


  • To present India’s achievements in the domain of Natural Capital Accounting (NCA);
  • To prioritize the emerging opportunities for NCA in India;
  • To familiarize stakeholders with the work undertaken by the different international agencies in the area of NCA; and
  • To provide a platform to selected Research Institutions to present their research conducted in the valuation of ecosystem services.