Transforming policy and investment through mainstreaming rapid approaches for natural capital assessment and accounting

The project objective is to contribute to the mainstreaming of natural capital into policy and investment decision-making processes through the development of a standardized framework, customizable tools, and scalable training material for rapid Natural Capital Assessment and Accounting (NCAA). The specific objectives are: (i) contribute to the mainstreaming of natural capital in ten countries through the implementation of rapid approaches for Natural Capital Assessment and Accounting (NCAA) in science-policy processes to inform public policy and investment decisions; and (ii) based on country-specific experiences, provide the Global Environment Facility (GEF) Partnership with a standardized framework, customizable tools, and training curricula for rapid NCAA approaches designed to support the integration of natural capital into policy and investment decision-making processes. In achieving these objectives, the project supports countries enacting the post-2020 Global Biodiversity Framework of the Convention on Biological Diversity (CBD).

Financial mechanism
GEF
Date of approval
Status
Project approved
Managing organisations
Natural Capital Project
Stanford University
Implementing organisations
IADB
Project ID
11041
GEF project type
Medium size
GEF project phase
GEF - 7
GEF Cofinancing
$87.800.000
GEF project grant
$1.980.000
Executing Agencies
Natural Capital Project, Stanford University