Source · Select Committees · Environmental Audit Committee
Recommendation 2
2
Acknowledged
Natural capital assets are an essential foundation for the UK and global economy.
Conclusion
Natural capital assets are an essential foundation of the UK and global economy, and we consider that a natural capital approach is vital if the overall value of nature to the UK is to be properly evaluated and developed. (Conclusion, Paragraph 34)
Government Response Summary
The government acknowledges the conclusion by agreeing that the natural capital approach helps demonstrate nature's benefits and promotes sustainable economic growth by making nature's value more visible to businesses and investors.
Government Response
Acknowledged
HM Government
Acknowledged
The natural capital approach builds upon traditional economic models to help demonstrate how nature’s assets deliver tangible benefits for society and the economy. Making the value of nature more visible, and treating investment in it like any other economic asset, helps businesses and investors understand their reliance on natural systems and take informed action to support sustainable economic growth.