1. Introduction
Recognising Australia’s natural resources as assets can help drive investment that sustains the country’s food security and biodiversity.
The widespread adoption of innovative and sustainable land practices relies on measuring and valuing environmental ‘assets’ to encourage the adoption of best practices. ‘Natural capital’ has both financial and non-financial value, it encourages sustainable land practices. There is already an extensive knowledge base and capability amongst farmers and their representatives, government, the research community, and intermediaries including natural resource management (NRM) organisations. But there isn’t currently a comprehensive and consistent set of natural capital measures to support widespread adoption of natural capital measurement across Australia.
What we’re doing
As part of Climateworks’ Land Use Futures initiative, two priorities were identified by stakeholders for enabling widespread measurement of natural capital: creating a comprehensive set of natural capital measures and options for incentivising natural capital measurement at the property level. The Natural Capital Investment Initiative is focused on helping to create the tools and resources to support farmers and land managers across Australia efficiently measure their natural capital.
2. How we'll get there
3. Resources
Natural capital measurement enabled by new reference catalogue
As Climateworks Centre releases Version 1.0 of the Natural Capital Measurement Catalogue, Program Impact Manager Eithne Cahill explains why it’s a crucial resource for governments and corporations.
- Tools
- Website
Natural Capital Measurement Catalogue
The Natural Capital Measurement Catalogue helps integrate natural capital considerations into business, financial and government decision-making, by facilitating convergence on a core set of consistent and comparable natural capital metrics that can be measured across all scales and different land use types.
Aligning our work on the natural capital measurement catalogue with the global Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures (TNFD) is emerging as a crucial enabler that can accelerate the transformation towards a nature-positive future. System Lead Liam Walsh explains the ‘beta’ updates to the TNFD framework and how Climateworks Centre’s natural capital measurement pilot aligns.
There’s no path to net zero without nature
Explore how land use, nature and measuring its value can all form part of the climate solution
- Webinar
The briefing room: The twin challenge of tackling climate change while preserving nature
To limit warming to 1.5°C we need global emissions reduction as scale.
Building Australia’s natural capital
Nature can be protected and restored through improved measurement and investment.
Natural capital investment initiative – Phase 1 report
Globally, there is increasing recognition of the importance of protecting and restoring nature in order to mitigate climate change impacts.
Natural Capital Investment Initiative to accelerate, thanks to a multi-year funding commitment
The Macdoch Foundation commits three years of funding to Climateworks, to support phase two of the Natural Capital Investment Initiative
Land use futures publishes natural capital roadmap
The first major output for the Land use futures program brings together ideas from leaders across the country on sustainable land use in Australia
Land use futures team hosts natural capital summit
150 leaders from across the land use sector exploring opportunities for integrating natural capital thinking into how Australia uses its land.