What is the value of different elements of the natural environment in economic terms and more generally? How can we best capture and integrate intangible values into decision-making?

Background

Adopting a natural capital approach improves understanding of economic, social, cultural, and environmental values. Helping to encourage behaviours and practices that support stewardship and sustainability.

Next steps

Get in touch with ari.comment@go-science.gov.uk

Source

This question was published as part of the set of ARIs in this document:

DEFRA Research and innovation interests GOVUK

Related UKRI funded projects

  • NAVIGATE: Understanding NAture's multiple Values for InteGrATion into dEcisions

    Human activities are directly and indirectly depleting the World's natural resources. At the same time, we rely on these resources for our livelihoods and well-being. Urgent action is thus needed to better manage our imp...

    Funded by: NERC

    Why might this be relevant?

    The project aims to enhance understanding of non-instrumental value concepts and explore how they can be integrated into economic thinking and policy decisions.

  • ADVANCES (ADVancing Analysis of Natural Capital in LandscapE DecisionS)

    Natural Capital is a fundamental component of an economy's stock of resources upon which human health, well-being and wealth depend. Economic growth and development are conditioned by the economy's overall capital stock ...

    Funded by: UKRI

    Why might this be relevant?

    The project seeks to develop better computer-based tools to assess changes in natural capital, which is relevant to understanding the value of the natural environment in economic terms.

  • Natural Environment Valuation Online (NEVO): Web-based tools for natural capital management and investment

    While many businesses and public sector organisations understand that natural capital is an important direct and indirect source of socio-economic prosperity, quality of life, and well-being, they frequently lack the cap...

    Funded by: NERC

    Why might this be relevant?

    The project aims to create web-based tools for quantifying and valuing natural capital, which is directly relevant to capturing and integrating intangible values into decision-making.

  • Interdisciplinary Network for Valuing Biodiversity, Ecosystem Services and Natural Resource Use

    Central to any attempt to maintain the crucial services of the environment is the need to have accurate information regarding the value of the services provided by natural resources, ecosystems and biodiversity. This is ...

    Funded by: NERC

  • Valuing nature

    In recent years, it has been argued-increasingly-by government and business that we ought to conceptualise the natural world as 'natural capital': that we ought to think of nature as a kind of 'capital', just like machin...

    Funded by: AHRC

  • NEC05943 Natural Capital Knowledge Exchange to Support Healthy Local Economies (Open Call)

    Two current ambitions of the Government are: to create a fairer and more balanced economy in which all parts of the country benefit from growth that is environmentally sustainable and inter-generationally fair, as set ou...

    Funded by: NERC

  • Taking the debate on nature's value to the valuers [A follow on funding bid based upon the AHRC Research Network on 'Debating Nature's Value']

    This project takes the critical debate on the project of seeking to numerically capture nature's value, a debate that has been occurring in the academy and with some practitioners, fully to those responsible for doing th...

    Funded by: AHRC

    Why might this be relevant?

    This project directly addresses the question by focusing on the economic valuation of nature and how to integrate intangible values into decision-making.

  • Valuing Green Infrastructure Through Tree Assessment TooLs (VITAL)

    In recent years environmental and social scientists working with economists have begun to understand the value that nature provides to society. These 'ecosystem services' (ES) include things like the provisioning of food...

    Funded by: NERC

  • Valuing Nature Programme Coordination Team

    The concepts behind Valuing Nature are coming of age, emerging from the Millennium Assessment, and in the UK the subsequent UK National Ecosystem Assessment and the Natural Environment & Water White Papers published ...

    Funded by: NERC

    Why might this be relevant?

    This project aims to provide interdisciplinary science to put the value of nature at the core of the economy, aligning with the question's focus on capturing intangible values in decision-making.

  • Strengthening Understanding and Strategies of business To Assess and Integrate Nature (SUSTAIN)

    Our global economy is intrinsically dependent on nature, and at the same time is playing a major role in its degradation. Recognition of this fact has grown substantially in the past decade, as evidenced in the EU Biodiv...

    Funded by: Horizon Europe Guarantee