Natural Capital Accounting and Valuation of the Ecosystem Services India Forum-2021

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natural capital accounting and valuation of the ecosystem services india forum 2021 Daily Current Affairs Article 10th January 2021: NCAVES India Forum 2021 is being organised by the Ministry of Statistics and Programme Implementation (MoSPI). The NCAVES Project, funded by EU, has been jointly implemented by the United Nations Statistics Division (UNSD), the United Nations Environment Programme (UNEP) and the Secretariat of the Convention of Biological Diversity (CBD).

India is one of the five countries taking part in this project - the other countries being Brazil, China, South Africa and Mexico.

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In India, the NCAVES project is being implemented by the MoSPI in close collaboration with the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the National Remote Sensing Centre (NRSC).

The participation in the project has helped MOSPI commence the compilation of the Environment Accounts as per the UN-SEEA framework and release environmental accounts in its publication “EnviStats India” on an annual basis since 2018.

Under the NCAVES project the India-EVL Tool has been developed which is essentially a look-up tool giving a snapshot of the values of various ecosystem services in the different States of the country, based on about 80 studies conducted across the country.

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