Accounting for natural capital

Natural capital are natural assets in their role of providing natural resource inputs and environmental services for economic production.

Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region

The concept of natural capital represents a significant shift in economic thinking. The term was first discussed systematically by pioneering economists such as Ernst Friedrich Schumacher in his influential book

As Viet Nam advances its transition toward a green economy, circular economy, sustainable blue economy, and its commitment to achieving net-zero emissions by 2050