Natural Capital trends in the UK

Natural Capital trends in the UK
自然資本に関する英国の動向
Jonathan Hughes
Councillor, IUCN
Chief Executive, Scottish Wildlife Trust
Programme Director, World Forum on Natural Capital
www.naturalcapitalforum.com
www.naturalcapitalforum.com
Natural Capital is the extension of the
economic notion of capital (manufactured
means of production) to goods and services
relating to the natural environment.
Natural capital is thus the stocks of
natural ecosystems that yields flows of valuable
ecosystem goods or services
www.naturalcapitalforum.com
Natural Capital trends in UK （英国の動向）
Peatlands: a case study（ケーススタディー）
World Forum on Natural Capital
（世界自然資本フォーラム）
www.naturalcapitalforum.com
Natural Capital trends in UK（英国の動向）
www.naturalcapitalforum.com
Natural Environment White
Paper, June 2011
（自然環境白書、2011年6月）
“We will put Natural Capital at
the heart of economic thinking”
Establish a business led
Ecosystem Markets Task Force
Establish Natural Capital
Committee reporting to advise
Government
www.naturalcapitalforum.com
Ecosystem Markets Task Force
report, March 2013
（生態系市場タスクフォース報告書、
2013年3月）
“Real possibility of the emergence of
a new economy: one that fully
integrates the true value of nature”
22 recommendations including
biodiversity offsetting and
integrating nature into water
catchment management
www.naturalcapitalforum.com
UK National Ecosystem
Assessment
（英国生態系評価）
Comprehensive assessment of
components of UK ecosystem
www.naturalcapitalforum.com
www.naturalcapitalforum.com
www.naturalcapitalforum.com
www.naturalcapitalforum.com
Natural Capital Committee –
established May, 2012
（自然資本委員会設立、2012
年5月）
Independent, reporting to
Cabinet Office Economic Affairs
Committee
Remit:
- better understand the
dependency of the economy on
environment
- advise on efficient
management of ‘natural wealth’
www.naturalcapitalforum.com
State of Natural Capital reports 2013 & 2014
自然資本報告の状況（ 2013年/2014年）
www.naturalcapitalforum.com
Non-monetary Natural Capital Asset Index
非金銭的自然資本資産指標
www.naturalcapitalforum.com
Natural Capital Asset Index in Scotland since 1950
スコットランドにおける自然資本資産（1950年以降）
www.naturalcapitalforum.com
Peatlands: a case study（ケーススタディー）
www.naturalcapitalforum.com
www.naturalcapitalforum.com
Payments for Ecosystem Services
生態系システムへの支払い（PES）
 A voluntary transaction where
 A well-defined ecosystem service (or land use likely
to secure that service)
 Is being “bought” by a (minimum one) ecosystem
service buyer
 From a (minimum one) ecosystem service provider
 If and only if the ecosystem service provider
secures provision (conditionality)
www.naturalcapitalforum.com
How much will it cost?
（コストは？）
www.naturalcapitalforum.com
Case study
www.naturalcapitalforum.com
Case study
"As a business that depends on peatlands for drinking water, we believe
that restoring and maintaining peatlands in good condition can save the
company and our customers money, whilst protecting the climate and
wildlife.
Our Upstream Thinking programme is already improving drinking water
quality and reducing water treatment costs by improving land
management on the moors. The Peatland Code offers us an opportunity
for this work to be recognised nationally, and work with others to realise
the benefits of healthy peatlands for the climate and wildlife.”
Lewis Jones, South West Water
www.naturalcapitalforum.com
www.iucn-uk-peatlandprogramme.org/peatland-code
www.naturalcapitalforum.com
Conclusions
www.naturalcapitalforum.com
World Forum on Natural Capital
（世界自然資本フォーラム）
www.naturalcapitalforum.com
www.naturalcapitalforum.com
Personal reflections on the World Forum
世界自然資本フォーラムへの個人的な印象
 Demand for a regular global gathering
 Not enough collaboration between sectors –
finance, accountants, researchers, policy
makers, land managers
 Standardisation of valuation tools?
 Need more local and regional exemplars
 How far should we embrace the market?
 Natural Capital includes traditional as well as
novel mechanisms
www.naturalcapitalforum.com
Feasibility（実施可能性）
Public policy priorities? Five best options to
leverage business （優先政策）
Investments in
natural capital
Offsets and
no net loss
National green
accounting
Protected/
managed areas
Green public
procurement
Tax and fiscal
incentives
Subsidy
reform
Payments for
ecosystem
services
Standards and
certification
Efficiency and effectiveness（効率・効果）
WBCSD/OECD 2012
www.naturalcapitalforum.com
Priorities for Action（優先行動）
Valuation
• Valuations of Natural Capital components at regional / catchment scale
• Better understand value of components functioning together as a system
• Work together to identify private & public sector investment
opportunities (Scottish Forum on Natural Capital)
Collaboration • Businesses to build long term relationships with ‘dependant catchments’
Recovery
• Relentlessly focus new funds on key systemic threats catchment by
catchment
• Regulate to accumulate
www.naturalcapitalforum.com
A huge thank you!
See you all in
November 2015 in
Edinburgh at the 2nd
World Forum on
Natural Capital
www.naturalcapitalforum.com

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