Wealth Accounting and Valuation of Ecosystem Services

Founding Year: 2010

Staff: 5


Sofia Ahlroth, Raffaello Cervigni (Program Co-Coordinator)

It aims to promote “genuine green growth and long-term advances in wealth and human well-being” and “sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.”  By working with banks and ministries of planning and finance to integrate natural resources into development planning through Natural Resources Accounting, it  hopes to enable more informed decision-making that can ensure genuine green growth and long-term advances in wealth and human well-being.” The Policy and Technical Experts Committee (PTEC) consists of experts in environmental accounting, economists, natural scientists, and policy experts from the World Bank, UNEP and other UN agencies, academic institutions and governments. It is led by the World Bank, which also hosts the secretariat. It’s implementing countries include Botswana, Colombia, Costa Rica, Guatemala, Indonesia, Madagascar, Philippines, and Rwanda.


  • Natural Capital Accounting – They view GDP as insufficient to account for the wealth of a nation. Resource exploitation is seen as a depletion of national wealth not as creating it. The major limitation of GDP is the lacking representation of natural capital. The full contribution of natural capital like forests, wetlands, and agricultural is ignored. They state that natural capital accounting (NCA) is needed to sustain growth. Long‐term development is a process of accumulation and sound management of a portfolio of assets – manufactured capital, natural capital, and human and social capital.
  • Wealth Accounting – Wealth is what underpins the income that a country generates. It includes produced capital (buildings, the machinery used in factories, infrastructure like highways and ports, etc.), natural capital (including land, forests, fish, minerals and energy), human capital, and net foreign assets. Wealth accounting is a methodology for measuring these assets. Changes in wealth are an indicator to assess if a country is growing its income without depleting its stocks.


Note: Last updates in the news section are from May 2018. No annual partnership meeting happened in 2018 (or at least it’s not noted online). Their budget has halved within the last year and the downwards trend started already the year before. Their ideas are really important but they seem to be stagnating in their progress. (FH)

Wealth Accounting and Valuation of Ecosystem Services contributes to the following Sustainable Development Goals

  • SDG 1 - No Poverty
    Calls for an end to poverty globally by 2030 and promotes increased access to basic services and social protection.
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  • SDG 2 - Zero Hunger
    Aims to end hunger, achieve food security and improved nutrition and promote sustainable agriculture
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  • SDG 3 - Good Health and Well Being
    Aims to ensure healthy lives and promote well-being for all at all ages, by reducing mortality rates and increasing access to equitable health care for men and women.
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  • SDG 4 - Quality Education
    Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
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  • SDG 5 - Gender Equality
    Aims to end gender discrimination in all forms and promote equal opportunity for all women and girls in terms of education, career, and sexual/reproductive rights.
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  • SDG 6 -Clean Water and Sanitisation
    Ensure availability and sustainable management of water and sanitation for all by promoting global access to adequate sanitation and hygiene.
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  • SDG 7 - Affordable and Clean Energy
    Ensure access to affordable, reliable, sustainable and modern energy for all by promoting affordable and reliable energy sources.
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  • SDG 8 -Decent Work and Economic Growth
    Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
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  • SDG 9 - Industry, Innovation and Infrastructure
    Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.  
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  • SDG 10 - Reduced Inequalities
    Aims to achieve economic growth by reducing inequalities regarding social, economic and political opportunities and freedoms.
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  • SDG 11 - Sustainable Cities and Communities
    Aims to promote the globalization of sustainable cities and communities in turn providing universal safe and affordable housing.
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  • SDG 12 - Responsible Consumption and Production
    Aims to create responsible and sustainable practices involving consumption and production through efficiently using natural resources.
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  • SDG 13 - Climate Action
    Calls to take urgent action to combat climate change and its impacts through global awareness, education, and integration into government policies.
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  • SDG 14 - Life Below Water
    Calls to conserve and sustainably use the oceans, seas and marine resources for sustainable development and prevent and reduce marine pollution in order to protect ecosystems and achieve healthy oceans.
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  • SDG 15 - Life on Land
    Aims to protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.
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  • SDG 16 - Peace, Justice and Strong Institutions
    Aims to promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels. Calls to reduce all forms of violence and deaths related to violence and to end abuse and exploitation
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  • SDG 17 - Partnerships for the Goals
    Aims to strengthen the means of implementation and revitalize the global partnership for sustainable development by mobilizing domestic resources in order to provide support for developing countries.
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