Italy commits to set up a Natural Capital Committee (NCC) at the Ministry of Environment. The commitment is by decree of the President of the Council of Ministers and was proposed by the Minister of Environment. The commitment aims to produce pre-evaluations and post-evaluations of the effects of public policies on natural capital and ecosystems services.
The commitment falls under focus area 1 of the Batumi Initiative to improve measurement and valuation of natural capital.
The Committee is chaired by the Minister of Environment; it includes Ministers of Economy and Finance, Economic Development, Labour and Social Policy, Infrastructure and Transport, Agriculture, Regional Affairs, Territorial Cohesion, Public Administration, Culture and Tourism; a representative of the Conference of the Regions, a representative of the National Association of Italian Municipalities, the Governor of the Bank of Italy, the President of the National Statistical Institute (ISTAT), the President of the Institute for the Protection and Environmental Research (ISPRA), the President of the National Research Council (CNR) and the President of the National Agency for New Technologies, Energy and Sustainable Economic Development (ENEA). The Committee is integrated with selected experts from Universities and research organisations.
The commitment is relevant to SDGs 2, 6, 7, 8, 9, 11, 12, 14, and 15.