Challenges to Ecosystem Service Valuation for Wealth Accounting - Inclusive Wealth Report 2018: Measuring Sustainability and Well-being Chapter 5

This chapter will largely focus on SEEA system for ecosystem accounting: the SEEA Experimental Ecosystem Accounting (SEEA EEA) (United Nations et al. 2014b). SEEA EEA has a goal to account for the contribution of ecosystems to production and consumption of economic units including households, where the concept of production and consumption is broader than the standard SNA to include all types of ES (pers. comm., Carl Obst, 2017). Both the Inclusive Wealth Framework and the SEEA EEA framework rely on non-market valuation methods for ecosystem assets. SEEA EEA requires that the non-market valuation methods are consistent with the methods used in the field of accounting.