Draft Agenda. Expert meeting on Ecosystem Valuation in the context of Natural Capital Accounting

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Draft Agenda Expert meeting on Ecosystem Valuation in the context of Natural Capital Accounting Building Bridges between Policy, Welfare Economics and Accounting 24-26 April 2018 German Federal Agency for Nature Conservation - Bundesamt für Naturschutz (BfN) Bonn, Germany

Day 1 April 24 th 8:15-9:00 Registration Welcome and introduction Moderator: Eduard Interwies, InterSus 9:00-9:20 Natural Capital Accounting Building bridges between policy, welfare economics and accounting (working title) Beate Jessel - President of the German Federal Agency for Nature Conservation 9:20-9:30 Aims and structure of the expert meeting Beyhan Ekinci - German Federal Agency for Nature Conservation Eduard Interwies, InterSus Session 1: Setting the scene Moderator: Eduard Interwies, InterSus This session will introduce the policy demand for ecosystem accounting and valuation as well as the current initiatives at international level to respond to these demands. It will also present the System of Environmental Economic Accounting Experimental Ecosystem Accounting (SEEA EEA), the Technical Recommendations in support of the SEEA EEA and elaborate on the research agenda for the revision of the SEEA EEA 9:30-09:45 SEEA EEA: Concept, revision process and research agenda Alessandra Alfieri - UNSD 09:45-10:15 Policy demand and current debate surrounding valuation issues Salman Hussain - UN Environment and Laure Ledoux EU DG Environment Coffee break 10:45-11:15 Ecosystem accounting: key concepts and valuation approaches Sjoerd Schenau, Statistics Netherlands 11:15-11:30 KIP INCA: The EU Knowledge Innovation Project on an Integrated System for Natural Capital and Ecosystem Services Accounting Lisa Waselikowski and Veronika Vysna, EUROSTAT 11:30-12:00 Discussion Session 2: The valuation of ecosystem services for accounting Moderator: Salman Hussain, UN Environment This session will discuss issues on the valuation of ecosystem services, including the relationship between exchange values, following the SNA principles of valuation, and welfare valuation. Theoretical developments in the comprehensive green accounting literature will be discussed with implications for measurement. The session will also discuss institutional arrangements when there is no market involving transactions of ecosystem assets and ecosystem units. 13:00-15:30 Key issues in the valuation of ecosystem services for ecosystem accounting Carl Obst Editor revised SEEA-EEA Learning from 30 years of non-market valuation Luke Brander Environmental Economist

Coffee break Bridging the gap between national and ecosystem accounting - Results of RECAMAN project / simulated exchange method Pablo Campos Spanish National Research Council Theoretical developments of the comprehensive (or green ) national accounting literature Geir Asheim University of Oslo Compatibilty between consumer surplus based values and real income Burkhard Schweppe-Kraft Federal Agency for Nature Conservation Following: Panel discussion with discussants and speakers Parallel sessions on selected cultural and regulating services Parallel sessions will be organized to discuss accounting and welfare valuation based approaches for selected regulating services with the objective of identifying best practices for valuation methods in different ecological, socio-economic and data environments. 16:00-17:30 Parallel working groups on regulating services with short keynotes on country examples Air filtration Rocky Harris ONS/Defra Netherlands (tbc) Erosion control / sediment retention Takashi Hayashi Japan Policy Research Institute (tbc) South Africa (tbc) Pollination Alessandra la Notte EU Joint Research Center Juha Siikamaki IUCN /ESAfD (tbc) Urban recreation David Barton Norwegian Institute for Nature Research Oslo Jens Kolbe Technical University Berlin 17:30 End of Day Day 2 April 25 th Morning Session 2: Valuation methods for key ecosystem services, continued Parallel sessions on selected cultural and regulating services Parallel sessions will be organized to discuss accounting and welfare valuation based approaches for selected cultural services with the objective of identifying best practices for valuation methods in different ecological, socio-economic and data environments. 9:00-10:00 Recap of Day 1 including short reports from parallel session chairs, followed by group discussion. Introduction Day 2 10:00-11:30 Parallel working groups on cultural and regulating services with short keynotes on country examples Nature-based recreation/tourism

Mexico (tbc) China (tbc) Climate regulation (carbon sequestration and storage): Lars Hein, Wageningen University Russia (tbc) Water Purification by streams and floodplains Mathias Scholz Centre for Environmental Research (Germany) Alessandra La Notte EU Joint Research Center Flood control / water flow regulation Jesko Hirschfeld - Technical University Berlin (tbc) South Africa (tbc) 11:30-12:30 Short reports from parallel session chairs followed by discussion Session 3: Valuing ecosystem wealth, degradation and/or enhancement The session will discuss valuation of stocks of ecosystem assets (or wealth), their degradation and/or enhancement over time. Issues include: assumptions on discount rates, asset life, projections of service values when using the net present value (NPV); alternative valuation approaches for estimating wealth; relationship to market values; defining and valuing the degradation of ecosystems in nominal and real terms; cost versus damage based approaches; attributing degradation costs to economic actors; treatment of defensive expenditures. 13:30-14:30 Moderator: Bram Edens, UNSD World Bank s Wealth Accounting World Bank (tbc) Inclusive wealth index Pushpam Kumar UN Environment Valuing Natural Capital in the Context of Ecosystem Based Management Eli Fenichel - Yale University Coffee Break 14:45-15:45 Ecosystem degradation and enhancement in the concept of ecological dept Yann Kervinio Ministry for an Ecological a. Solidary Transition (FRA) Applying the concept of defensive expenditures to ecosystem degradation and enhancement Hans Diefenbacher University of Heidelberg The corporate natural capital account framework- distinguishing assets and liabilities Will Evison PricewaterhouseCoopers (tbc) Excursion and common dinner

Day 3 April 26th Morning Session 3: Valuing ecosystem wealth, degradation and enhancement, continued 9:00-09:45 Ecosystem wealth, degradation and enhancement in SEEA-EEA - Key issues and including a recap of Day 2 Carl Obst Editor revised SEEA-EEA The UK-case - projecting future services for ecosystem asset valuation Rocky Harris - ONS/Defra Parallel Sessions: 4 to 6 groups. 09:45-10:45 2 to 3 groups discussing strength, weaknesses and links between the different concepts Coffee break 2 to 3 groups discussing theory and practice from the SEEA- EEA perspective 11:00-12:00 Report back by parallel discussion group chairs Session 4: Policy, science, accounting and business interface 12:00 13:00 Moderator: Eduard Interwies InterSus Facilitated panel discussion Science: Jan Erik Petersen - European Environment Agency (tbc) Policy: Jakub Weijchert EU DG Environment Burkhard Schweppe-Kraft German Federal Agency for Nature Conservation Mexico (tbc) Accounting: Sven Kaumanns - Federal Statistical Office of Germany Brazil (tbc) Business: Natural Capital Coalition (tbc) Session 5: Conclusions and way forward Moderators: UNSD/UN Environment / BfN The session will discuss the best way to communicate the results of valuation studies, which indicators can inform what policies and what are the enabling conditions to mainstream the valuation exercises within ecosystem assessments as well as accounting. 14:00 14:30 Draw conclusions with respect to the objectives of the meeting 14:30 15:30 Next steps way forward BfN / UNSD / UN Environment