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Linking accounts for ecosystem services and benefits to the economy through bridging (LISBETH). Part II, How to use ecosystem services accounting to provide the financial sector with a more robust, systematic and consistent environmental metric
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Linking accounts for ecosystem services and benefits to the economy through bridging (LISBETH). Part II, How to use ecosystem services accounting to provide the financial sector with a more robust, systematic and consistent environmental metric

Metapodatki publikacije

Economy is embedded within nature, with all its risks and opportunities. There is the need for the financial system to channel public and private investments to enhance the stock of natural assets and encourage sustainable consumption and production activities throughout an ecological transition. However, an ecological transition may imply to protect, restore and preserve nature and reverse the accelerating trajectory of its loss. With respect to this transition, one critical issue to address is the availability and usability of appropriate environmental metrics. The challenge addressed by this report is to propose the ecosystem service-based approach as the common framework that could meet this compelling need. Ecosystem services are the contribution of ecosystems to human activities, i.e. the flows provided by nature to socioeconomic systems. To mainstream nature into decisions that directly affect financial services, we may need to group ecosystem services differently in order to reflect the investor–client kind of agreements. This report specifically addresses how to group ecosystem services to fit (i) the need for monetary estimates of ecosystem services to support, justify and monitor the biodiversity financial gap; (ii) the need to map ecosystem service vulnerabilities that expose economic sectors to risk; (iii) the need to rank ecosystem service values according to a principle of richness that goes beyond gross domestic product. The sources of data and information used in each of the chapters for the applications are the outcomes of the integrated project for natural capital accounting. The report provides concrete examples about organising and structuring information to establish linkages from ecosystems to economic units.
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ISSN 1831-9424
ISBN 978-92-76-55832-3
DOI 10.2760/010621
Kataloška številka KJ-NA-31-185-EN-N
ISSN 1018-5593
ISBN 978-92-76-55831-6
DOI 10.2760/827473
Kataloška številka KJ-NA-31-185-EN-C
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ISSN 1831-9424 ISBN 978-92-76-55832-3 DOI 10.2760/010621 Kataloška številka KJ-NA-31-185-EN-N
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ISSN 1018-5593 ISBN 978-92-76-55831-6 DOI 10.2760/827473 Kataloška številka KJ-NA-31-185-EN-C
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