In 2017, the UN, with funding by the European Union, launched the Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES) project to assist several countries, including China, to advance the knowledge agenda on environmental-economic accounting, in particular ecosystem accounting.
This report provides an overview of the work undertaken in China to compile ecosystem accounts under the SEEA Ecosystem Accounting framework. It presents a synthesis of China’s work in the NCAVES project, covering ecosystem account pilots in Guangxi and Guizhou, policy scenario analysis on the ecological compensation scheme in the Xijiang River basin, research on the valuation of natural resources balance sheet, alignment of SEEA and Gross Ecosystem Product and national assessment on natural capital accounting policy in China.