A new statistical framework to better account for biodiversity and ecosystems in national economic planning and policy decision-making, approved this week, allows countries worldwide to use a common set of rules and methods to track changes in ecosystems and their services.
The new framework goes beyond the commonly used statistic of gross domestic product and ensures that natural capital accounts (the contributions of forests, oceans and other ecosystems) complements existing economic accounts. Learn more about next steps in the revision of the Regulation on European Environmental Economic Accounts (EEEA) to expand its coverage to include a new module on natural capital accounting.
