The Natural Capital Initiative (NCI) is a partnership of UK science organisations which promotes and supports decision-making across government, business and the private sector that results in the sustainable management of our

natural capital Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of t ...

. It is a partnership between three leading science organisations in the UK:
UK Centre for Ecology and HydrologyRoyal Society of BiologyThe James Hutton Institute

Mission

The Natural Capital Initiative is an influential convener of natural capital professionals, providing an independent platform for debate and joint working on natural capital challenges and solutions. Its vision is to grow a collaborative network that ensures sound natural capital science informs public policy and business decisions. NCI dialogues and publications make effective use of evidence to seek positive solutions that enhance natural capital for the benefit of people and nature.

History

The Natural Capital Initiative was established in 2009 in response to the increasing global awareness of the need for more sustainable management of the world's limited natural resources, as highlighted by the 2005

Millennium Ecosystem Assessment The Millennium Ecosystem Assessment (MA) is a major assessment of the human impact on the environment, called for by the United Nations Secretary-General Kofi Annan in 2000, launched in 2001 and published in 2005 with more than $14 million of ...

. It was launched in April 2009 at a three-day symposium held in London, entitled ''Valuing our Life Support Systems''. Original partners included the Society of Biology, British Ecological Society and the Centre for Ecology & Hydrology. The James Hutton Institute joined the partnership in 2012. Since 2009, the NCI has organised two more ''Valuing our Life Support Systems'' summits in 2014 and 2019 to push forward the shared natural capital agenda. In addition, it has organised over 20 dialogue sessions on natural capital management and protection.

Influence

The Natural Capital Initiative events and publications have influenced UK policy directions and research agendas in many ways. Natural Capital graphic

Recommendations from the 2009 symposium were included in the UK government own recommendations and resource documents to senior policy-makers. The

Natural Capital Committee The Natural Capital Committee (NCC) was an independent body set up in 2012, initially for a three-year period, to report to the UK Government and advise on how to value nature and to ensure England's 'natural wealth' is managed efficiently and su ...

, supported by DEFRA, evolved out of the UK Government's 2011 Natural Environment White Paper, as did the 48 Local Nature Partnerships established across England which focus on

sustainable land management Land management is the process of managing the use and development of land resources. Those resources are used for a variety of purposes for example agriculture, forestry, water resource management, human settlements and tourism. One aim of l ...

, greening economic growth and human health and well-being. In 2014 the NCI called on the UK government to introduce a natural capital accounting element into its national accounting framework, and supported the Natural Capital Committee's proposal for a 25-year Government plan for the UK Natural Environment, which has since been published. The report from the ''Valuing our Life Support Systems 2014'' was launched in June 2015 in a parliamentary event, chaired by Barry Gardiner MP. The report spelled out the need for a methodology to be established for valuing natural capital. It also raised concerns there was a danger that natural capital could be treated as a commodity unless an ethical framework was in place to ensure the process of natural capital valuation was applied fairly and evenly. It urged that all natural capital concepts needed to be clear, evidence-based and robust, and it welcomed the Government's proposal to extend the life of the Natural Capital Committee. In 2019 the Defra chief scientific adviser Professor Sir Ian Boyd concluded that the summits have had an impact on government policy and the natural capital principle is now included in the 25-year environment plan and the environment bill. The summit report recommended a new way of working to engage more people. It highlighted the importance of nature for everyone's health and well-being and stressed the importance of the natural capital approach as a long-term investment across generations.

Publications

Valuing Our Life Support Systems. Symposium Report. 2009Valuing our Life Support Systems 2014. Summary ReportDefining and delivering resilient ecological networks: Nature conservation in England
Policy directions (2018)
Wholescape Thinking Guidance Note
(Updated 2019)
Valuing our Life Support Systems 2019. Summary Report
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References

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External links

The Natural Capital InitiativeBritish Ecological SocietyRoyal Society of BiologyJames Hutton Institute
Natural resources Environmental economics