Natural Capital Committee second report

The Government’s Natural Capital Committee published its second report on 11 March.

The Natural Capital Committee was one of the headline commitments in the UK Government’s 2011 Natural Environment White Paper. It was established in May 2012 as an independent advisory body to Government. It formally reports to the Economic Affairs Committee, chaired by the Chancellor of the Exchequer.

The Committee is defined by its Terms of Reference, but broadly its role is to:

  • Advise the Government on how to ensure England’s ‘natural wealth’ is managed efficiently and sustainably, thereby unlocking opportunities for sustained prosperity and wellbeing

The Committee’s first State of Natural Capital report was published in April 2013. It presented evidence that significant economic and wellbeing benefits can be secured through better valuation and management of natural capital. The report set out a framework for what needs to be done to ensure that this happens.
 

This second State of Natural Capital report builds on the first report and provides an update on the Committee’s progress with several aspects of its work.
 

The Committee’s third State of Natural Capital report, due to be published in early 2015, will bring the whole work programme together. 

 

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