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NCAVES India Forum 2021

Topics Covered: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

NCAVES India Forum 2021:


Context:

Organised by the Ministry of Statistics and Programme Implementation (MoSPI).

What is it?

Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021 is a part of NCAVES project of United Nations Statistics Division (UNSD).

  • It aims to help five countries for addressing the concerns of sustainability and conserving the environment for future use while charting the course for economic development.
  • India is one of the five countries taking part in this project – the other countries being Brazil, China, South Africa and Mexico.

NCAVES project:

  • The project seeks to advance the theory and practice of environmental and ecosystem accounting in Brazil, China, India, Mexico and South Africa.
  • The project has been jointly implemented by the United Nations Statistics Division (UNSD), the United Nations Environment Programme (UNEP) and the Secretariat of the Convention of Biological Diversity (CBD).
  • It aims to assist the five participating partner countries, to advance the knowledge agenda on environmental-economic accounting, in particular ecosystem accounting.
  • The project will have a duration until the end of 2021.

Significance:

  • The participation in the project has helped MOSPI commence the compilation of the Environment Accounts as per the UN-SEEA framework.
  • The MOSPI has also released environmental accounts in its publication “EnviStats India” on an annual basis since 2018.
  • Several of these accounts are closely related to the social and economic attributes, making them a useful tool for the Policy.

InstaLinks:

Prelims Link:

  1. About NCAVES project.
  2. Participants.
  3. Objectives.
  4. What is EnviStats India?
  5. About UNEP.

Mains Link:

Discuss the significance of NCAVES project.

Sources: PIB.