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natural capital accounts (nca)

Sets of linked accounts that contain information about the type and quantities and, where possible, the value of the stocks of natural assets and the flows of services generated by them. The accounts contain two main components: physical accounts - types, quantities and condition of assets; and monetary accounts - application of monetary units of valuation to selected flows of services on an annual basis and associated values of stocks.

natural capital

A concept referring to the stock of renewable and non-renewable natural resources ( plants, animals, air, water, soils, minerals) that combine to yield a flow of benefits to people (UNDP, 2016b). Within the IPBES conceptual framework, it is part of the nature category, representing an economic-utilitarian perspective on nature, specifically those aspects of nature that people use (or anticipate to use) as source of Nature's contributions to people.