Bridging soil biodiversity and human well-being: An actionable framework to measure links between the natural capital and plural value of soils

Marine and coastal natural capital stocks provide a bundle of ecosystem services vital for human well-being. The biophysical and economic assessment of the value of natural capital stocks is much needed for achieving nature conservation goals, while ensuring the sustainable exploitation of marine resources. Marine Protected Areas (MPAs) are increasingly being established worldwide to protect and conserve natural capital stocks from anthropogenic threats. In this study, a biophysical and trophodynamic model based on the emergy accounting method was used to assess the value of natural capital for a set of Italian MPAs. In particular, the assessment focused on four main macro-habitats: 1) sciaphilic hard bottom (SHB), 2) photophilic hard bottom (PHB), 3) soft bottom (SB), and 4) Posidonia oceanica seagrass beds (PSB). The emergy method allowed the assessment of natural capital stocks in terms of direct and indirect solar energy flows invested by nature for their generation. The SHB habitat showed the highest emergy density value in most of the investigated MPAs, confirming the high convergence of input resource flows in the formation of this habitat. When considering extensive indicators, the contribution of the PSB habitat to the total value of natural capital was higher than other habitats in most MPAs. In addition, to facilitate the understanding of the results in socio-economic contexts, the biophysical values of natural capital stocks were converted into monetary units. The total value of natural capital in the investigated MPAs ranged from about 8 to 1163 M€. In conclusion, assessing the value of natural capital can support local managers and policy makers in charge for achieving nature conservation targets while ensuring the sustainable exploitation of natural resources.

Natural capital accounting in marine protected areas: The case of the Islands of Ventotene and S. Stefano (Central Italy)

The use of ecological integrity indicators within the natural capital index framework: The ecological and economic value of the remnant natural capital of México

Growing attention is being given to protected areas and the ability of their natural capital assets to provide a varied and long-term stream of benefits to individuals and society in general. These areas are often heralded for ensuring natural capital assets persist, but value is often limited to the economic impact of visitor expenditures and the associated effects on regional and national economies. Few studies have attempted to quantify the economic value of natural capital assets in protected areas, especially in Canada. This study uses a benefit transfer approach to produce an initial estimate of the potential economic value of ecosystem services and natural capital associated with the terrestrial and marine environments in Canada’s federal system of national parks and national marine conservation areas. The results suggest that the economic value of these assets ranges between CA$ 156 billion and CA$ 588 billion annually.

Assessing the value of natural capital in marine protected areas: A biophysical and trophodynamic environmental accounting model

Exploring the convergence of natural flows for the generation of natural capital stocks in marine ecosystems

Integrating natural capital assessment and marine spatial planning: A case study in the Mediterranean sea

Assessing natural capital value in marine ecosystems through an environmental accounting model: A case study in Southern Italy

Nurturing natural capital

ContextThe landscape provides not only a living space for all life forms, including humans, but also a spatial base and set of resources for the implementation of individual human activities. Inappropriate implementation of human activities, disrespecting the properties of the landscape's natural resources, causes the degradation of natural resources and, consequently, the human living.ObjectivesThe aim of this paper is to develop new methodological procedures and algorithms for effective assessment of natural capital based on the geosystem approach.MethodsEach territorial unit (geosystem) represents a unique combination of natural assets that create a certain potential for the development of individual activities and eco-stabilization functions. In this study, we developed a new approach and algorithms to assess the natural capital of landscapes for sustainable use. This involves selecting indicators and their functional interpretation, as well as collecting available spatial data and statistics for GIS analysis, synthesis, and modeling.ResultsThe methodological procedure consists of the determination of indicators for natural capital assessment, the determination of their functional values and weighting coefficients, the determination of the suitability of the geosystem for the implementation of individual activities based on the value of natural capital, and the determination of restrictions and limiting factors. The set of data on landscape assets can be categorized into abiotic, land cover and biotic, and socio-economic indicators, which can either support human activities or limit them. Options for sustainable use of natural capital were split into two groups of potential activities: (I) natural capital for landscape planning activities and (II) specific activities or functions (e.g., natural capital for energy use, recreation, regulation services). The modeling of eco-stabilizing natural capital in Trnava LTSER pointed to low spatial ecological stability, mainly in the central part of the district.DiscussionDiscussion pointed to strength, novelty and opportunities of implementing methodological approach to natural capital assessment.ConclusionsAs an output of this methodological approach, a comprehensive digital spatial database of landscape-ecological data for the assessment of natural capital and the suitability of its use for socio-economic activities has been created in Slovakia. The database represents a set of consistent spatial information on natural capital assets and other indicators, including land cover and socio-ecological indicators. The methodological approach can be applicable to any territory on the basis of a modification.

Donor-side evaluation of the spatiotemporal variation in the rural land natural capital value and its influencing factors: A case study of Chongqing, China

First high-resolution marine natural capital mapping in the coastal waters of Chinese mainland

The 'Background Principles' of Natural Capital and Ecosystem Services - Did Lucas Open Pandora's Box?

We have pragmatically but accurately evaluated the natural capital of a small northern town, Shimokawa, Hokkaido, Japan. The key industries are forestry, wood manufacturing, and agriculture. From an environmental perspective, Shimokawa was nominated as a Japanese FutureCity. Consequently, the total natural capital value (NCV) of the forest and agricultural lands was calculated to be 1.326 billion USD/year (or 24,161 USD/ha/year) and 44 million USD/year (or 19,692 USD/ha/year), respectively, in 2012. The sum of these NCVs was more than 7 times greater than the yearly gross production of the town, although the forest had a higher NCV because of the larger area (54,862ha for forest area), compared with 2953ha for agricultural area. This substantial NCV is mainly generated by sustainable forest management. The timber account showed that the annual tree growth was greater than the annual harvest of trees. The CO2 account derived from a one-year calculation showed that the town served as a CO2 sink at 107,249 t-CO2/year due to the large amount of annual tree growth and CO2 storage in the harvested wood products even if CO2 was emitted from industries and households. The forestry and wood manufacturing industries, as well as agriculture, created socioeconomic effects for the townspeople, ranging from job creation, study tours, and social welfare. This NCV accounting for Shimokawa town ensures the sustainable use of valuable environmental assets and will help other communities recognize their own NCV accounts.

Sustainability requires maintaining opportunities for future generations, so they can meet their needs. Opportunities are passed to future generations through a set of capital assets. Nature provides an important class of these assets, but markets seldom reveal the marginal value of natural capital. Rather, the marginal social worth or asset price must be imputed based on intertemporal exchange. In the context of assessing whether intertemporal allocation rules lead to sustainable development, appropriate asset prices must be based on the actual allocations and trade-offs society makes. Therefore, measuring economic programmes that enable the measurement of asset prices is an important empirical task. We review the theory of measuring natural capital asset prices and discuss the key elements of measuring economic programmes that enable the measurement of natural capital asset prices. We place the measurement of economic programmes and natural capital asset prices in the context of wealth-based sustainability metrics.