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Accounting for natural capital has cross-cutting relevance for UK public sector decision-making

Maes, M; Jones, K; Toledano, MB; Milligan, B; (2020) Accounting for natural capital has cross-cutting relevance for UK public sector decision-making. Ecosystem Services , 44 , Article 101127. 10.1016/j.ecoser.2020.101127. Green open access

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Abstract

Countries have made a range of international commitments to compile and use natural capital accounts. While processes and methods for compiling natural capital accounts are now well defined, mainstreaming natural capital accounting (NCA) across public sector decision-making remains a practical challenge. This raises the question: which domains of public sector decision-making are important for a phased introduction of NCA? Here, we address a subset of this evidence gap through systematic analysis of the policy-relevance of natural capital accounts in the United Kingdom (UK). We identify 85 UK public sector bodies whose activities can affect the extent or condition of natural capital assets, and 60 bodies whose policy objectives are qualitatively contingent on natural capital stocks or services. For each of these 60 public sector bodies natural capital management (1) is a core policy priority, (2) impacts on policy objectives by regulating natural hazards, or (3) provides ecosystem goods and services that support policy objectives concerning health and well-being. Our findings highlight the considerable cross-cutting relevance of natural capital for public sector decision-making, and the need to account for natural capital in policy domains beyond those focused narrowly on environmental policy and management, e.g. through coordination structures that feature cross-departmental representation.

Type: Article
Title: Accounting for natural capital has cross-cutting relevance for UK public sector decision-making
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.ecoser.2020.101127
Publisher version: https://doi.org/10.1016/j.ecoser.2020.101127
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
Keywords: Natural capital, Governance, United Kingdom, Environmental accounting, Public sector, Decision-making
UCL classification: UCL
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences > Div of Biosciences
UCL > Provost and Vice Provost Offices > School of Life and Medical Sciences > Faculty of Life Sciences > Div of Biosciences > Genetics, Evolution and Environment
URI: https://discovery.ucl.ac.uk/id/eprint/10097733
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