Natural Capital Accounting related events at CBD COP-12

06.10.14 - 17.10.14

Natural Capital Accounting related events taking place in Pyeongchang, Republic of Korea on the occasion of CBD COP-12:

(1) The Advancing Natural Capital Accounting (ANCA) project is co-organizing a session, with UNDP, the World Bank, GEF, SCBD and the OECD on “Transformative initiatives in biodiversity mainstreaming and financing” (Rio Conventions Pavilion, 16 October), The day-long event will showcase recent inter-connected initiatives that are having, or promise to have, transformational impacts regarding the mainstreaming of biodiversity and ecosystem services into national and sectoral policy frameworks, accounting systems and budgeting processes. These generally include globally developed standards or approaches adapted at the country-level to national circumstances.

The topics to be covered include: environmental-economic measurement; accounting for ecosystem assets; the coding of biodiversity expenditures; economic valuation of ecosystem assets and services; effective changes in institutions and policies for instance relating to a reduction of biodiversity-harmful subsidies; reviews of public and private investment/expenditures in biodiversity; the costing of effective biodiversity management such as through the full implementation of national biodiversity strategies and their targets; and a review of biodiversity financing mechanisms (traditional/innovative, public/private) with best-case practices.

Mr. Ivo Havinga, Chief Economics Statistics Branch, United Nations Statistics Division will be representing the project. More information is available here.

(2) The CBD Secretariat, with the support of the French Ministry of Foreign Affairs and International Development, the Japan Biodiversity Fund and ONF- International, will convene a training session on “Ecosystem Natural Capital Accounts: A Quick Start Package” on 10-12 October. The training workshop is being offered to diverse participants of COP 12 and not exclusively to National Focal Points of the CBD. The Technical Series N°77 “Ecosystem Natural Capital Accounts: A Quick Start Package” will be launched during a lunch time side event at the Rio Conventions Pavilion on Tuesday 7 October 2014. The training session will be an opportunity for people interested in this issue to learn how to use this manual to facilitate efforts by Parties in achieving Aichi Biodiversity Target 2 on incorporation of biodiversity values in National Accounting Systems. A provisional agenda and additional information is provided in a Notification dated 18 September, available here

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