The Ministry of Statistics and Programme Implementation (MoSPI), Government of India, has taken up several initiatives under the domain of “Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES)”, which can help integrate the concerns of sustainability and conserving the environment for future use while charting the course for economic development. Since the work related to environment accounting in India is still in its early stages, primarily because of the large number of subjects to be covered under this domain, we would need a collaborative effort involving various stakeholders, including Line Ministries, state governments, multilateral organizations and research institutions for compiling a complete suite of accounts.
With a view to facilitate this collaboration and highlight the uses to which natural capital accounts can be put, especially in the areas of decision making and policy analysis, the ministry conducted the NCAVES India Forum (in a virtual format), as a series of three sessions in January 2021 held on January 14, 21 and 28, 2021.
The NCAVES India Forum was organized in collaboration with United Nations Statistics Division (UNSD), European Union and UN Environment.
The objectives of the National Forum was:
a. To present India’s achievements in the domain of Natural Capital Accounting (NCA);
b. To prioritize the emerging opportunities for NCA in India;
c. To familiarize stakeholders with the work undertaken by the different international agencies in the area of NCA; and
d. To provide a platform to selected Research Institutions to present their research conducted in the valuation of ecosystem services.