NCAVES India Forum 2021 | UPSC

NCAVES India Forum 2021


Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum-2021

      WHY IN NEWS:

Hot from PIB !

MINISTRY? :- Ministry of Statistics & Programme Implementation
SYLLABUS COVERED: GS 2 : 3 : Governance : Environment accounting


The ministry is conducting the NCAVES India Forum (in a virtual format), as a series of three sessions in January 2021 to be held on January 14, 21 and 28, 2021.



  • The Ministry of Statistics and Programme Implementation (MoSPI), Government of India, has taken up several initiatives under the domain of “Natural Capital Accounting and Valuation of Ecosystem Services (NCAVES)”.

This will help integrate the concerns of sustainability and conserving the environment for future use while charting the course for economic development

  • Since the work related to environment accounting in India is still in its early stages, primarily because of the large number of subjects to be covered under this domain.
  • There is a need for collaborative effort involving various stakeholders.
  • This includes Line Ministries, state governments, multilateral organizations and research institutions for compiling a complete suite of accounts.


It 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)


The Forum aims to build a stronger awareness about the different perspective to Environment and to show a way forward towards realizing the contribution of the natural capital to achieve a “better environment, better tomorrow

The objectives of the National Forum would be:

  • To present India’s achievements in the domain of Natural Capital Accounting (NCA).
  • To prioritize the emerging opportunities for NCA in India.
  • To familiarize stakeholders with the work undertaken by the different international agencies in the area of NCA.
  • To provide a platform to selected Research Institutions to present their research conducted in the valuation of ecosystem services.


  • The NCAVES Project, funded by EU.
  • India is one of the five countries taking part in this project – the other countries being Brazil, China, South Africa and Mexico.

NCAVES India Forum 2021 | UPSC


  • The participation in the project has helped MOSPI commence the compilation of the Environment Accounts as per the UN-SEEA framework.

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.

Another feather to the cap under the NCAVES project is the development of the India-EVL Tool which is essentially a look-up tool giving a snapshot of the values of various ecosystem services in the different States of the country

  • It will be based on about 80 studies conducted across the country.
  • An additional benefit of this tool is that it provides a critical view on the literature that is available and the applicability of estimates spatially across India according to bio-geographical areas.


  • In India, the NCAVES project is being implemented by the MoSPI in close collaboration with the Ministry of Environment, Forest and Climate Change (MoEF&CC) and the National Remote Sensing Centre (NRSC).
  • MoSPI has coordinated with all the stakeholders through a consultative process by setting in place a mechanism for linking the diverse stakeholders concerned – namely producers and the policymakers using the environmental accounts.


NCAVES India Forum 2021 is being organised in a virtual format, with live sessions on January 14, 21 and 28, 2021, focusing on:

  • January 14, 2021: Efforts made by the international agencies in the domain of natural capital accounting and valuation of ecosystem services
  • January 21, 2021: Policy Demand for NCA in India
  • January 28, 2021: Achievements in natural capital accounting and valuation of ecosystem services and prospects of natural capital accounting in India

      IASbhai WINDUP: 

  • A web portal has been designed for the purpose of registration, participation and to function as a repository for the environment related information.
  • The first day will witness participation of Ambassador of the EU Delegation to India and representatives from various national and international organisations.
  • The Forum targets showcasing some of the important researches/work related to the environment through the online exhibition and the twitter poster session platform. 
     SOURCES:  PIB   | NCAVES India Forum 2021 | UPSC 


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