ABOUT THE WORKING GROUP
Given the critical role that natural capital stocks and ecosystem services play in maintaining biodiversity and enabling green economic growth, mainstreaming natural capital in national development planning will be key to achieving the Sustainable Development Goals by 2030. A number of countries have taken up green economy or green growth action plans in recent years yet only a handful have included significant consideration of natural capital.
The expert working group explores state-of-the-art methods, models, data and tools in order to achieve three goals:
- To push the knowledge frontier around natural capital and green growth;
- To help mainstream natural capital in global green growth activities; and
- To support stronger implementation of natural capital commitments in national economic plans.
The working group is composed of 20 members including three Co-chairs from the GGKP Advisory Committee: Paul Ekins (Director and Professor at University College London's Institute for Sustainable Resources), Joe Grice (Chairman of the United Kingdom Office for National Statistics Economic Experts), and Oyun Sanjaasuren (Director of External Affairs at the Green Climate Fund and former Mongolian Minister of Environment). The MAVA Foundation, a Swiss-based private philanthropic organization, has committed to supporting the expert working group through 2022.
The Expert Working Group was launched at World Bank Headquarters in Washington, DC in November 2017. There, the Group identified five groups of knowledge gaps for integrating natural capital into green growth: data, metrics, integrated policy support, sustainable infrastructure and green finance. Through virtual and in-person meetings, the Group is steering new research to advance each of these five agendas toward concrete, policy-relevant activities across a range of national and international stakeholder groups. This overview provides a snapshot of the group’s progress in its first year of operation, as well as new developments on the horizon for 2019 and beyond. In linking natural capital to green growth, the GGKP is a proud member of the MAVA Foundation-supported Economics for Nature programme, together with the Green Economy Coalition (GEC), the Natural Capital Coalition, WWF France, and Finance Watch.