Natural Capital Accounting (NCA) and Valuation of Ecosystems Services

It shall assist in planning and policy development by accounting for individual environmental assets or resources, both biotic and abiotic (such as water, minerals, energy, timber, and fish) as well as accounting for ecosystem assets (e.g., forests, wetlands), biodiversity, and ecosystem services. NCA is an umbrella term covering efforts to use an accounting framework to provide a systematic way to measure and report on stocks and flows of natural capital. NCA shall also assist in planning and policy development by adopting a risk-based approach through the establishment of a National Natural Resources Geospatial Database.