NCAVES India Forum 2021

The Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum was organized by Ministry of Statistics and Program Implementation in collaboration with United Nations Statistics Division (UNSD), European Union and UN Environment.

Objective

• It aimed to present India’s achievements in the domain of Natural Capital Accounting (NCA), prioritize the emerging opportunities for NCA and to provide a platform to selected Research Institutions to present their research conducted in the valuation of ecosystem services.

What is NCAVES?

• It is a project initiated by European Union in 2017 which aims to help nations in improving the knowledge on environmental-economic accounting.
• It will help in ensuring sustainable economic growth and enables the governments in making environment a key dimension in the policy paradigm. It is being implemented in five countries – India, Brazil, China, Mexico and South Africa.

What is Natural Capital Accounting?

• Natural capital accounting is a tool that can help measure the full extent of a country’s natural assets and give perspective on the link between the economy, ecology and our environment.