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Natural Capital in a Nordic context

Status and Challenges in the Decade of Biodiversity

image of Natural Capital in a Nordic context

The report reviews different international approaches for natural capital accounting. The five approaches reviewed are attempts to help create an improved evidence base on the links between biodiversity and ecosystems on the one hand and economic and human wellbeing on the other in view of better informing decision-making in a variety of contexts. The strengths and weaknesses of the approaches are evaluated in the light of the policy goals, institutions and conditions in the Nordic countries. The analysis has been carried out during the period September 2012 – January 2013 by Gaia Consulting Oy and the Institute of European Environmental Policy. The project was commissioned by the Nordic Council of Ministers.

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Analysis of biodiversity accounting systems in light of Nordic countries' needs

The needs expressed in the interviews with policy-makers in the Nordic countries were translated into a range of criteria against which each one of the approaches was assessed. The identified needs can be reflected against different needs for data and information at different stages of the policy cycle.

English

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