Natural Capital & Ecosystem Services

The concept of natural capital is a powerful tool that can help us all understand what we get from the natural world though ecosystem services. It offers the potential to make environmental planning central to local and national decision-making: Local strategic plans can reflect investment in enhancing the natural capital of a lace; investment that compromises natural capital may need to deliver suitable compensation, whilst investment that enhances it could benefit from different forms of incentive.

Accounting for natural capital is important as many of the most valuable services it provides are intangible so they’re often overlooked; natural capital accounts provide one way of representing the environment in decision making.