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Natural Asset and Biodiversity Valuation in Cities : Technical Paper (English)

Cities are increasingly recognizing the role of the natural environment in shaping healthy and livable places that enhance human capital. Cities are beginning to use natural capital accounting as a tool to assess and monitor the quality of their environment and to inform effective policy making. This paper reviews some of these leading approaches and draws out lessons for other cities. In particular, the paper finds that the results of urban natural capital accounting have not been extensively integrated into policy making. It further finds that most of the city-level biodiversity plans reviewed are limited to high-level goals, have limited links to the economic benefits of biodiversity, and do not consider legislative, regulatory, or funding elements in their action plans to conserve biodiversity. This paper offers policy guidance to help cities bridge these identified gaps. Urban decision makers have a set of policy options to manage the variety of natural assets in and around cities. Cities can use assessments in planning, creating, and maintaining urban natural assets to maximize value to urban residents. The paper also presents a high-level practical action plan for cities to follow, including a step-by-step approach to planning a green urban development strategy.

Details

  • Document Date

    2019/06/01

  • Document Type

    Working Paper

  • Report Number

    141879

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2019/09/18

  • Disclosure Status

    Disclosed

  • Doc Name

    Technical Paper

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Citation

Natural Asset and Biodiversity Valuation in Cities : Technical Paper (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/287521568801462241/Technical-Paper