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Carl Obst

Publications and source records attributed to Carl Obst.

3 recordsLinked to original sources

Progress in natural capital accounting for ecosystems

Reversing the ongoing degradation of the planet's ecosystems requires timely and detailed monitoring of ecosystem change and uses. Yet, the System of National Accounts (SNA), first developed in response to the economic crisis of the 1930s and used by statistical offices worldwide to record economic activity (for example, production, consumption, and asset accumulation), does not make explicit either inputs from the environment to the economy or the cost of environmental degradation ( 1 , 2 ). Experimental Ecosystem Accounting (EEA), part of the System of Environmental-Economic Accounting (SEEA), has been developed to monitor and report on ecosystem change and use, using the same accounting approach, concepts, and classifications as the SNA ( 3 ). The EEA is part of the statistical community's response to move SNA measurement “beyond gross domestic product (GDP).” With the first generation of ecosystem accounts now published in 24 countries, and with a push to finalize a United Nations (UN) statistical standard for ecosystem accounting by 2021, we highlight key advances, challenges, and opportunities.

Science

Defining ecosystem assets for natural capital accounting

In natural capital accounting, ecosystems are assets that provide ecosystem services to people. Assets can be measured using both physical and monetary units. In the international System of Environmental-Economic Accounting, ecosystem assets are generally valued on the basis of the net present value of the expected flow of ecosystem services. In this paper we argue that several additional conceptualisations of ecosystem assets are needed to understand ecosystems as assets, in support of ecosystem assessments, ecosystem accounting and ecosystem management. In particular, we define ecosystems’ capacity and capability to supply ecosystem services, as well as the potential supply of ecosystem services. Capacity relates to sustainable use levels of multiple ecosystem services, capability involves prioritising the use of one ecosystem service over a basket of services, and potential supply considers the ability of ecosystems to generate services regardless of demand for these services. We ground our definitions in the ecosystem services and accounting literature, and illustrate and compare the concepts of flow, capacity, capability, and potential supply with a range of conceptual and real-world examples drawn from case studies in Europe and North America. Our paper contributes to the development of measurement frameworks for natural capital to support environmental accounting and other assessment frameworks.

PLoS ONE