Nordic Council of Ministers Nordic Council Natural capital

Nordic Council of Ministers Nordic Council Natural capital in a green economy – from regional insights to a global partnership Nordic Council of Ministers and UNEP-TEEB Rio+20 Seminar 19 June 2012 Insert header (e. g. organisation's name) or Footer via: 'show' / Header and footer' / insert text / 'OK' 1

Nordic Council of Ministers Nordic Council Natural capital in a green economy - from regional insights to a global partnership Marianne Kettunen Institute for European Environmental Policy (IEEP) Guest researcher at the Finnish Environment Institute (SYKE) Event by Nordic Council of Ministers (NCM) & UNEP-TEEB in the context of Rio+20 19 June 2012 Rio de Janeiro, Brazil

cc What is a green economy? An economy that: - Recognises the value of - and invests in - natural capital - Supports poverty alleviation - Creates ‘green’ jobs & enhances equity - Substitutes fossil fuels with renewable energy & low-carbon technologies - Is resource & energy efficient Nature is integral to all that! (UNEP Green Economy Report)

cc Paying forest owners to conserve natural capital in Mexico Reduce deforestation Improve / maintain natural water supply - aquifer recharge - improved surface water quality - reduce damage from flooding Address poverty Results of PES scheme - deforestation rate ↓ (from 1. 6 % to 0. 6 %. - 18 300 ha deforestation avoided - GHG emissions ~ 3. 2 mil t. CO 2 e avoided Source: TEEBCases for TEEB for local and regional Policy

cc Paying blue mussel farmers for improved water quality in Lysekil, Sweden Results © http: //kodu. ut. ee/~olli/eutr/html. Book_111. html Source: TEEB Nordic – to be published in 2012 - The use of mussels to clean the N content of the municipal waste water plant saves the municipality close to 100 000 EUR / year compared to using a traditional technique

cc Working with natural infrastructure in Napa Creek, U. S. Results Result of natural flood management - xxx - Various local benefits enhanced: flood prevention, recreation & tourism - Costs of flooding ↓ - Insurance rates ↓ - Property values ↑ Source: TEEBCases for TEEB for local and regional Policy

Restoring natural infrastructure in Vihti, Finland l/s cc

cc Investing in conservation of Tubbataha Reefs, Philippines Results of protect area establishment - Coral cover ↑ (from 40% 1999 -2003 to 50% 2004) - Fish biomass ↑ (doubled since 2000) - Survey found a significant increase in living standards from 2000 to 2004 Source: TEEBCases for TEEB for local and regional Policy

cc Nordic business innovations: bioremediation Microbes from Svalbard (NO) and Northern Arctic (FI) as possible tool to remove ammonia & nitrate released in the environment by mining operations. Fungi Paecilomyces variotii used commercially in Finland to turn paper mill waste in protein biomass production. Birch tar oil to form a basis for a natural herbicide in Finland, currently exploring the possibilities to develop into a commercial product. Source: TEEB Nordic – to be published in 2012

Restoration of nature as vehicle for wellbeing in Nihili woodland, Tanzania cc Results of restoration © panoramio. com - Various local benefits enhanced: fuel, fruit, timber, honey, fodder & medicines - Time required to collect fuel wood & other resources ↓ - More time for education and productive work - Sale of products helped pay for children’s schooling

cc Creating foundations for Green Economy/ies by natural capital accounts WAVES countries Botswana, Colombia, Costa Rica, Madagascar, Philippines, Australia, Canada, Japan, Norway, France, the United Kingdom …

Nordic Council of Ministers Nordic Council Thank you Marianne Kettunen mkettunen@ieep. eu Institute for European Environmental Policy (IEEP) (London & Brussels) Find us at www. ieep. eu Follow us on twitter: IEEP_EU See IEEP Manual of European Environmental Policy: http: //www. europeanenvironmentalpolicy. eu/

cc TEEB global assessments: www. teebweb. org NEW PUBLICATION Nature & Green Economy www. teebweb. org UPCOMING PUBLICATION by IEEP & Finnish Env. Institute (SYKE) TEEB scoping assessment for Nordic countries

Nordic Council of Ministers Nordic Council Natural capital in a green economy – from regional insights to a global partnership Nordic Council of Ministers and UNEP-TEEB Rio+20 Seminar June 19, 2012 Insert header (e. g. organisation's name) or Footer via: 'show' / Header and footer' / insert text / 'OK' 14