Natural Capital

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Natural Capital

ABOUT THE WORKING GROUP

Given the critical role that natural capital stocks and ecosystem services play in maintaining biodiversity and enabling green economic growth, mainstreaming natural capital in national development planning will be key to achieving the Sustainable Development Goals by 2030. A number of countries have taken up green economy or green growth action plans in recent years yet only a handful have included significant consideration of natural capital. 

The expert working group explores state-of-the-art methods, models, data and tools in order to achieve three goals:

  • To push the knowledge frontier around natural capital and green growth;
  • To help mainstream natural capital in global green growth activities; and
  • To support stronger implementation of natural capital commitments in national economic plans.

The working group is composed of 20 members including three Co-chairs from the GGKP Advisory Committee: Paul Ekins (Director and Professor at University College London's Institute for Sustainable Resources), Joe Grice (Chairman of the United Kingdom Office for National Statistics Economic Experts), and Oyun Sanjaasuren (Director of External Affairs at the Green Climate Fund and former Mongolian Minister of Environment). The MAVA Foundation, a Swiss-based private philanthropic organization, has committed to supporting the expert working group through 2022. 

 

Committee Members

Director UCL Institute for Sustainable Resources
ProfessorUniversity College London (UCL)
ChairmanUK Office for National Statistics Economic Experts
Director of External AffairsGreen Climate Fund
Former Minister of Foreign AffairsMongolia
Former Minister of EnvironmentMongolia
Senior Research FellowKorea Environment Institute (KEI)
Environmental Affairs OfficerUnited Nations Economic Commission for Africa (UNECA)
Lead Economist, World Bank Group
Vice PresidentJordan Friends of Environment Society
Programme DirectorDevelopment Alternatives (DA)
Assistant DirectorUnited Nations Statistics Division (UNSD)
Global CoordinatorThe Economics of Ecosystems and Biodiversity (TEEB)
Team LeaderOrganisation for Economic Co-operation and Development (OECD)
Senior Economic AdvisorUnited Nations Environment Programme (UN Environment)
Senior Economist, World Bank Group
Senior Programme Management OfficerConvention on Biodiversity (CBD)
Distinguished Ikerbasque ProfessorBasque Centre for Climate Change
Honorary Professor of EconomicsUniversity of Bath
Senior Research FellowEnvironment for Development Initiative (EfD)
ProfessorUniversity of Cape Town
Senior DirectorConservation International (CI)
Managing DirectorNatural Capital Project
Senior Research ScientistStanford University
Policy Advisor and Programme ManagerUnited Nations Development Programme (UNDP)
Chief EconomistInternational Union for Conservation of Nature (IUCN)
Senior AdvisorAfrican Development Bank (AfDB)
Deputy DirectorGlobal Green Growth Institute (GGGI)
Lead EconomistUN Environment World Conservation Monitoring Centre (UNEP-WCMC)

RESEARCH PRIORITIES

The Expert Working Group was launched at World Bank Headquarters in Washington, DC on 30 November – 1 December 2017. The launch workshop provided an opportunity for working group members to establish the 2018 work programme. To advance this programme, the group has sub-divided around five themes: metrics and data, integrated policy support, sustainable infrastructure, finance and success stories. A series of virtual and in-person meetings will be held in 2018 to advance each of the five agendas toward prioritized, concrete activities aimed at catalyzing action across a range of key stakeholder groups. This overview provides a snapshot of the group’s progress in its first year of operation, as well as new developments on the horizon for 2019 and beyond.


RESOURCES

A full list of resources on green growth and natural capital can be accessed through the GGKP's Natural Capital theme page or through the GGKP's resource library.