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STRENGTHENING INDICATORS AND ACCOUNTING SYSTEMS FOR NATURAL CAPITAL
Chapter 3 has looked at the range of issues of measuring to manage our natural capital – from
scientific, biodiversity and ecosystem service indicators to economic and other macro indicators. This
underlines the fact that insufficient use is made of nature-related indicators. It has shown that national
accounting frameworks and the associated GDP indicator integrate only part of what we need to measure –
with natural capital accounts not yet generally developed, they only present part of the picture of the wealth
of nations, well-being of societies and progress. Lastly, the Chapter looked at the social dimension and at
the experimental indicator of GDP of the Poor, highlighting the higher dependency and vulnerability of the
rural poor to the provision of services from natural capital and changes to the underlying natural capital
stock.
Chapter 4 will look at how the values of ecosystems and biodiversity can be calculated, how they are used
in policymaking and how such values (both monetary and non-monetary appreciation) can be
integrated into policy assessments.
TEEB FOR NATIONAL AND INTERNATIONAL POLICY MAKERS - CHAPTER 3: PAGE 38