1/4/2024 0 Comments Download social nature![]() ![]() It is in this spirit of collaboration that the Natural Capital Coalition, together with the IDEEA Group and supported by over 20 organisations, launches this statement on Combining Forces on Natural Capital. Instead, we must look to build on the overlaps and seek to build a common language that will enable the exchange of ideas and ongoing innovation. Indeed, to engage the broader community in tackling the natural capital challenges we collectively face, we cannot afford to focus on distinctions. While each initiative may have different origins, some differing objectives, and may reflect variations in technique and method, there is much common ground. ![]() ![]() The reality is that, while differences among these various initiatives do exist, they have all been motivated by a common understanding of the reality that we are losing our stocks of natural capital – and that this matters. ![]() At worst, it leads to a lack of engagement, avoidance and misunderstanding. Are they the same, are they competing, are they useful? To both insiders and outsiders this range of initiatives is confusing at best. In a blizzard of acronyms, we have the NCC, SEEA, WAVES, IIRC, KIP-INCA, A4S, GRI, EO4EA – among many others. Across private and public sectors, across disciplines, and around the world, initiatives to advance and develop natural capital thinking have emerged rapidly over the past 10 years. Recognising the true value of natural capital, is one such idea. Victor Hugo once wrote that “Nothing is so powerful as an idea whose time has come”. ![]()
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