Policy Implications of Natural Capital Accounting Read more about Policy Implications of Natural Capital Accounting What is the central challenge of the 21st century? It is developing an interlinked economic, social, and governance system that not only promotes sustainable development and alleviates poverty but also protects the environment, especially the ecosystem goods and services essential for human well-being. Meeting this challenge requires mainstreaming the value of natural capital and ecosystem services into decision-making. Explore how the People’s Republic of China is using natural capital accounting in its decision-making process.
Stephen Polasky Keywords ecological function conservation area ecological redlining expanded accounting system millennium ecosystem assessment natural capital natural capital accounting payment for ecosystem services value of capital asset value of natural capital Read more about Stephen Polasky Stephen Polasky is Regents Professor and Fesler-Lampert Professor of Ecological/Environmental Economics at the University of Minnesota. His research interests focus on issues at the intersection of ecology and economics and includes extensive work on ecosystem services and natural capital. He served as senior staff economist for environment and resources for the President’s Council of Economic Advisers under President Bill Clinton.