scholarly journals Materiality Assessment of Natural Capital Risks in Australian Forestry

2021 ◽  
Author(s):  
Greg S. Smith ◽  
Francisco Ascui ◽  
Anthony P. O’Grady ◽  
Elizabeth Pinkard
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Ecosystem Services ◽  
Natural Capital ◽  
Well Being ◽  
Evidence Based ◽  
Forestry Sector ◽  
Forestry Industry ◽  
Important Input ◽  
Negative Impacts

Abstract Purpose of Review Natural capital is a term for the stocks of natural assets (e.g. natural resources and ecosystems) that yield flows of ecosystem services that benefit the economy and human well-being. Forestry is one of the industries with the greatest dependencies on natural capital, as well as having the potential for substantial positive or negative impacts on natural capital. These dependencies and impacts create direct risks to a forestry enterprise’s ongoing financial viability, which translate into indirect risks for investors and society. There are growing demands from a variety of stakeholders for more reliable information to assess such risks, but at present, these risks are not always well understood, assessed or communicated in a consistent and comparable way. This paper addresses this problem by applying a standardized methodology to develop the first systematic, evidence-based review and financial materiality assessment of natural capital risks for the Australian forestry sector. Recent Findings The vast potential scope of forestry impacts and dependencies on natural capital can be reduced to twenty key areas of relevance to Australian forestry, of which only seven to nine have been assessed as highly financially material for each of the sub-sectors of softwood plantations, hardwood plantations and native forestry. The majority of risks assessed as highly financially material are related to dependencies on natural capital. This is in part due to the fact that current regulations and certification schemes focus on managing impacts, but tend to overlook dependencies. Nearly all of the natural capital risks rated as highly material are likely to be exacerbated by climate change. Summary An improved understanding of natural capital risks is an important input to better decision-making by forestry enterprises, as well as their lenders and investors, forestry regulators and other relevant stakeholders. This paper contributes to the preparedness of the forestry industry and its stakeholders to address questions about vulnerability to future changes and declining trends in natural capital.

scholarly journals Globalization and Biodiversity Conservation Problems: Polycentric REDD+ Solutions

Land ◽  
2019 ◽  
Vol 8 (2) ◽  
pp. 35 ◽  
Author(s):  
Mwangi Githiru ◽  
Josephine Njambuya
Keyword(s):  
Climate Change ◽  
Ecosystem Services ◽  
Rural Communities ◽  
Protected Areas ◽  
Biodiversity Conservation ◽  
Well Being ◽  
Great Chance ◽  
Free Rider Problem ◽  
The Face ◽  
Negative Impacts

Protected areas are considered the cornerstone of biodiversity conservation, but face multiple problems in delivering this core objective. The growing trend of framing biodiversity and protected area values in terms of ecosystem services and human well-being may not always lead to biodiversity conservation. Although globalization is often spoken about in terms of its adverse effects to the environment and biodiversity, it also heralds unprecedented and previously inaccessible opportunities linked to ecosystem services. Biodiversity and related ecosystem services are amongst the common goods hardest hit by globalization. Yet, interconnectedness between people, institutions, and governments offers a great chance for globalization to play a role in ameliorating some of the negative impacts. Employing a polycentric governance approach to overcome the free-rider problem of unsustainable use of common goods, we argue here that REDD+, the United Nations Framework Convention on Climate Change (UNFCCC) climate change mitigation scheme, could be harnessed to boost biodiversity conservation in the face of increasing globalization, both within classic and novel protected areas. We believe this offers a timely example of how an increasingly globalized world connects hitherto isolated peoples, with the ability to channel feelings and forces for biodiversity conservation. Through the global voluntary carbon market, REDD+ can enable and empower, on the one hand, rural communities in developing countries contribute to mitigation of a global problem, and on the other, individuals or societies in the West to help save species they may never see, yet feel emotionally connected to.

scholarly journals Natural capital and ecosystem services informing decisions: From promise to practice

2015 ◽  
Vol 112 (24) ◽  
pp. 7348-7355 ◽  
Author(s):  
Anne D. Guerry ◽  
Stephen Polasky ◽  
Jane Lubchenco ◽  
Rebecca Chaplin-Kramer ◽  
Gretchen C. Daily ◽  
...  
Keyword(s):  
Decision Making ◽  
Ecosystem Services ◽  
Life Support ◽  
Natural Capital ◽  
Well Being ◽  
Successful Implementation ◽  
Change Policy ◽  
Service Information ◽  
Governance Systems ◽  
Key Dimensions

The central challenge of the 21st century is to develop economic, social, and governance systems capable of ending poverty and achieving sustainable levels of population and consumption while securing the life-support systems underpinning current and future human well-being. Essential to meeting this challenge is the incorporation of natural capital and the ecosystem services it provides into decision-making. We explore progress and crucial gaps at this frontier, reflecting upon the 10 y since the Millennium Ecosystem Assessment. We focus on three key dimensions of progress and ongoing challenges: raising awareness of the interdependence of ecosystems and human well-being, advancing the fundamental interdisciplinary science of ecosystem services, and implementing this science in decisions to restore natural capital and use it sustainably. Awareness of human dependence on nature is at an all-time high, the science of ecosystem services is rapidly advancing, and talk of natural capital is now common from governments to corporate boardrooms. However, successful implementation is still in early stages. We explore why ecosystem service information has yet to fundamentally change decision-making and suggest a path forward that emphasizes: (i) developing solid evidence linking decisions to impacts on natural capital and ecosystem services, and then to human well-being; (ii) working closely with leaders in government, business, and civil society to develop the knowledge, tools, and practices necessary to integrate natural capital and ecosystem services into everyday decision-making; and (iii) reforming institutions to change policy and practices to better align private short-term goals with societal long-term goals.

scholarly journals Climate, disaster and risk: introduction

2021 ◽  
Vol 9s8 ◽  
pp. 1-4
Author(s):  
Simon Goldhill ◽  
Georgie Fitzgibbon
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Sustainable Development ◽  
Special Issue ◽  
Full Spectrum ◽  
Changing Climate ◽  
Negative Impacts ◽  
Climate Disasters ◽  
Climate Disaster

This special issue focuses on the intersections of climate, disasters, and development. The research presented here is designed to facilitate climate-resilient decision-making, and promote sustainable development by maximising the beneficial impacts of responses to climate change and minimising negative impacts across the full spectrum of geographies and sectors that are potentially affected by the changing climate.

Challenges in the development of the geodiversity concept

2021 ◽  
Author(s):  
José Brilha
Keyword(s):  
Ecosystem Services ◽  
Natural Capital ◽  
Well Being ◽  
University Education ◽  
Conservation Areas ◽  
Policy Makers ◽  
Environmental Impact Assessments ◽  
Conservation Actions ◽  
Nature Play ◽  
Development Goals

<p>The concept of geodiversity, despite being in use for almost 30 years, still has little impact on society. It is not easy to explain the reason for this dissociation, considering that the elements that constitute geodiversity are intrinsically part of nature, play an essential role in ecosystem services and, consequently, in human well-being.</p><p>During the last decade we have seen a great development in the interest of the geoscientific community in this subject, represented by the increase in the publication of papers and doctoral and master theses all over the world. One of the main challenges is now to transpose all this scientific knowledge into society. Obviously, theoretical and conceptual discussions about geodiversity are an integral part of science and must continue, but if we want that society recognizes the importance and value of geodiversity, we must be able to demonstrate clearly how geodiversity can help to solve some of the problems we face today.</p><p>Among other priorities, the geoscientific community has to be able to demonstrate in an structured way:</p><ul><li>The importance of geodiversity in implementing nature conservation actions and its direct relationship with biodiversity;</li> <li><span>The contribution of geodiversity for ecosystems restoration and its accounting as part of natural capital;</span></li> <li><span>The need to quantify the role of geodiversity in ecosystem services;</span></li> <li><span>The urgency of make environmental impact assessments including all possible effects that may affect geodiversity elements and processes;</span></li> <li><span>The importance of integrate the concept of geodiversity in pre-university education curricula;</span></li> <li><span>That the information and environmental interpretation provided to visitors of protected areas and other conservation areas should always include geodiversity.</span></li> </ul><p>Once the importance of geodiversity is fully recognized by policy-makers, managers, and the society in general, the fulfilment of the UN Sustainable Development Goals will be for sure closer than it is today.</p>

Climate-induced migration, women and decision making power in the agricultural wage sector in Saiss, Morocco.

2021 ◽  
pp. 185-195
Author(s):  
D. Najjar ◽  
B. Dhehibi ◽  
B. Baruah ◽  
A. Aw-Hassan ◽  
A. Bentaibi
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Rural Areas ◽  
Adaptive Strategy ◽  
Well Being ◽  
Property Ownership ◽  
Study Characteristics ◽  
Effects Of Drought ◽  
Stay Behind

Abstract This chapter examines the gendered effects of drought-induced migration in rural Morocco for settler migrants and farmers who stay behind in sending communities. Due to state investments in irrigation, the Saiss plains of Morocco are experiencing rural-rural migration as an adaptive strategy for many who are escaping climate change and unemployment, to take advantage of labor opportunities in agricultural sectors elsewhere. The well-being and decision making power of male and female migrants in receiving communities (Betit and Sidi Slimane) and women staying behind in sending communities (Ain Jemaa) are examined. The chapter begins with a literature review on decision making power, gender, migration, and work in rural areas. Following this, the case study characteristics are presented, which detail how climate change is fueling migration, gender norms in host and sending communities, as well as the gender dynamics in accessing economic opportunities and decision making power. The chapter ends with recommendations to strengthen the women's decision making power as migration continues, with a focus on strengthening landed property ownership for women.

Facilitating Lifestyle Choice and Change

2014 ◽  
pp. 137-147
Author(s):  
Judith Aufenthie
Keyword(s):  
Decision Making ◽  
Well Being ◽  
Decision Making Process ◽  
Evidence Based ◽  
Lifestyle Choice ◽  
Complex Process

Creating optimal well being is a multifaceted, complex process. It involves many biological, psychological, physical, behavioral, emotional as well as neurobiological factors which all interact and effect the choices we make and changes that we are able to implement. Research has begun to connect with the decision making process to better understand how our decisions and choices are made. This research coupled with research and evidence based models provides integrative nurses and patients with validated tools to optimize change and wellness.

scholarly journals Contribution of Ecosystem Services to Achievement of the Sustainable Development Goals

Proceedings ◽  
2019 ◽  
Vol 30 (1) ◽  
pp. 8 ◽  
Author(s):  
Veidemane
Keyword(s):  
Decision Making ◽  
Land Use ◽  
Sustainable Development ◽  
Ecosystem Services ◽  
Sustainable Development Goals ◽  
Well Being ◽  
Trade Off ◽  
The Sustainable Development ◽  
Development Goals ◽  
Water Ecosystems

The sustainable development goals (SDGs) for 2030 are established to address global challenges including environment and human well-being. The SDGs are interconnected and achievement of them requires consideration of the planet’s ecosystems and resources - land, water and air. Ecosystem services (ES) approach has a high potential for better planning, policy and decision making. Understanding how different ecosystems (e.g., forests, rivers, wetlands, grasslands) contribute to the social and economic benefits is critical to ensure the long-term biodiversity protection and sustainable use of ecosystems. A conceptual framework linking biodiversity and ecosystem condition (its structure and functions), and ES to human well-being has been well-established in EU by so called MAES process (Mapping and Assessment of Ecosystem Services) lead by the European Commission. The framework is applied in recent research studies and projects, as well as national MAES processes. Various methods are applied for MAES in terms to determine biophysical, economic and social values and to deliver integrated ecosystem assessment. Assessment of ES and trade off analysis shall provide a new perspective for land use planning and decision making at different administrative and spatial levels and in different sectoral policies. EU and national policies for instance on agriculture, fishery, forestry, climate should account the benefits provided by relevant ecosystems and to ensure that the values are not diminished but rather enhanced during the implementation of the policies. Terrestrial and water ecosystems are interconnected as land-based human activities creates pressure that impacts the conditions in water ecosystems and thus delivery of ES by rivers and lakes. For example, intensive agricultural land use produces food for people and income; however, the activity also most frequently causes problems with water quality and quantity in the catchment area and a loss of biodiversity. A risk of such trade-off shall be handled in policy development. Ecosystems also contributes to the resilience of communities by reducing the risk of natural hazards and mitigate adverse impacts. Regulating services such as flood control are substituting investments in flood protection ensured by forests, wetlands and grasslands instead of human built infrastructure. Appropriate land cover and land use shall serve as a basic flood protection measure. Natural processes are increasingly recognised to create new-type solutions that use and deploy the properties of natural ecosystems and their services in an “engineered” way. A wide range of measures called also as nature-based solutions provide another opportunity to work with nature towards global sustainability.

Ecosystem services

2011 ◽  
Vol 35 (5) ◽  
pp. 575-594 ◽  
Author(s):  
Marion B. Potschin ◽  
Roy H. Haines-Young
Keyword(s):  
Ecosystem Services ◽  
Ecosystem Service ◽  
Natural Capital ◽  
Well Being ◽  
Physical Geography ◽  
Trade Offs ◽  
Puzzle Solving ◽  
Emerging Issues ◽  
Stocks And Flows ◽  
Change Impact

The ‘ecosystem service’ debate has taken on many features of a classic Kuhnian paradigm. It challenges conventional wisdoms about conservation and the value of nature, and is driven as much by political agendas as scientific ones. In this paper we review some current and emerging issues arising in relation to the analysis and assessment of ecosystem services, and in particular emphasize the need for physical geographers to find new ways of characterizing the structure and dynamics of service providing units. If robust and relevant valuations are to be made of the contribution that natural capital makes to human well-being, then we need a deeper understanding of the way in which the drivers of change impact on the marginal outputs of ecosystem services. A better understanding of the trade-offs that need to be considered when dealing with multifunctional ecosystems is also required. Future developments must include methods for describing and tracking the stocks and flows that characterize natural capital. This will support valuation of the benefits estimation of the level of reinvestment that society must make in this natural capital base if it is to be sustained. We argue that if the ecosystem service concept is to be used seriously as a framework for policy and management then the biophysical sciences generally, and physical geography in particular, must go beyond the uncritical ‘puzzle solving’ that characterizes recent work. A geographical perspective can provide important new, critical insights into the place-based approaches to ecosystem assessment that are now emerging.

Ecosystem Services

2016 ◽  
Author(s):  
Leon C. Braat
Keyword(s):  
Nature Conservation ◽  
Ecosystem Services ◽  
Natural Capital ◽  
Sustainable Use ◽  
Well Being ◽  
Ecosystem Functions ◽  
Nature Management ◽  
Human Society ◽  
Term Survival ◽  
Policy And Planning

The concept of ecosystem services considers the usefulness of nature for human society. The economic importance of nature was described and analyzed in the 18th century, but the term ecosystem services was introduced only in 1981. Since then it has spurred an increasing number of academic publications, international research projects, and policy studies. Now a subject of intense debate in the global scientific community, from the natural to social science domains, it is also used, developed, and customized in policy arenas and considered, if in a still somewhat skeptical and apprehensive way, in the “practice” domain—by nature management agencies, farmers, foresters, and corporate business. This process of bridging evident gaps between ecology and economics, and between nature conservation and economic development, has also been felt in the political arena, including in the United Nations and the European Union (which have placed it at the center of their nature conservation and sustainable use strategies). The concept involves the utilitarian framing of those functions of nature that are used by humans and considered beneficial to society as economic and social services. In this light, for example, the disappearance of biodiversity directly affects ecosystem functions that underpin critical services for human well-being. More generally, the concept can be defined in this manner: Ecosystem services are the direct and indirect contributions of ecosystems, in interaction with contributions from human society, to human well-being. The concept underpins four major discussions: (1) Academic: the ecological versus the economic dimensions of the goods and services that flow from ecosystems to the human economy; the challenge of integrating concepts and models across this paradigmatic divide; (2) Social: the risks versus benefits of bringing the utilitarian argument into political debates about nature conservation (Are ecosystem services good or bad for biodiversity and vice versa?); (3) Policy and planning: how to value the benefits from natural capital and ecosystem services (Will this improve decision-making on topics ranging from poverty alleviation via subsidies to farmers to planning of grey with green infrastructure to combining economic growth with nature conservation?); and (4) Practice: Can revenue come from smart management and sustainable use of ecosystems? Are there markets to be discovered and can businesses be created? How do taxes figure in an ecosystem-based economy? The outcomes of these discussions will both help to shape policy and planning of economies at global, national, and regional scales and contribute to the long-term survival and well-being of humanity.

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