Accounting for Natural Assets in Local Government: A Low Carbon Resilience Approach
An analysis of best practices and proxy data for accounting for natural assets, such as wetlands, forests, and coastlines.
Natural assets, such as forests, wetlands and coastlines, are increasingly being recognized as important tools for climate change adaptation and mitigation. Accounting for natural assets helps communities increase resilience to climate impacts and reduce emissions over time.
The report showcases how accounting for natural assets is an LCR strategy. Best practice accounting is used to demonstrate how protecting and expanding natural assets leads to climate benefits that can reduce and/or avoid the costs of flood and heat over time, avoid expensive infrastructure-related emissions, sequester carbon, and advance other community priorities such as improving health and well-being and biodiversity in communities.
