CHM - ORTEnsure the full integration of biodiversity and its multiple values into national accounting.
Main legislation in place:
The revised Regulation on new environmental economic accounts aims to update the common framework for the collection, compilation, transmission and evaluation of European environmental economic accounts. It includes a new module on ecosystem accounts, which present data on the extent and condition of ecosystem assets and the services they provide to society and the economy. The data are in line with the SEEA Ecosystem Accounting.
Legislation proposed:
N/A
Other policy instruments:
EU guidance on integrating ecosystems and their services into decision-making (Summary, Part 1, Part 2, Part 3)
WAVES: From 2014 to 2022 the Commission supported the World Bank led WAVES (Wealth Accounting and the Valuation of Ecosystem Services) and WAVES+ project- a global partnership that promotes the use of natural capital accounting in national planning. The programme supported the production of environmental accounts and the integration of findings into policy decisions in several non-EU countries The World Bank is continuing the work under its Global Program on Sustainability (GPS).
| Objectifs mondiaux | Degré d’alignement |
GBF-T14. GBF-T14.Veiller à la pleine prise en compte de la biodiversité et de ses multiples valeurs dans l'élaboration des politiques, des réglementations, des processus de planification et de développement, des stratégies d'élimination de la pauvreté, des évaluations environnementales stratégiques, des évaluations d’impact environnemental et, le cas échéant, dans la comptabilité nationale, à tous les niveaux de gouvernement et dans tous les secteurs, en particulier dans ceux qui ont d'importantes incidences sur la biodiversité, et aligner progressivement toutes les activités publiques et privées concernées, ainsi que les flux fiscaux et financiers, sur les objectifs et les cibles du présent cadre. | Élevé |
This EU contribution aligns with GBF Target 14, the element on national accounting.
As part of the EU initiative on Business and Biodiversity, the EU is promoting natural capital accounting, which has the potential to provide a concrete basis for business performance reporting by explicitly mapping out impacts and/or dependencies on natural resources and placing monetary value on them.
See some good practices:
- EU LIFE project Transparent - Developing a standardized methodology for natural capital accounting in business:
- Align project - Aligning Accounting Approaches for Nature
For financing and capacity-building, please refer to the EU contributions to Targets 19 and 20.