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The role of natural capital accounting in enhancing climate resilience in Small Island Developing States

Working paper

Image credit:Tuvalu. Photo credit: Tuvalu Coastal Adaptation Project (TCAP).

This working paper delves into the multifaceted issue of climate change and its impact on Small Island Developing States (SIDS), highlighting the role of natural capital accounting (NCA) in fostering climate resilience.

Recognising the unique vulnerabilities of SIDS, this study emphasises the systematic quantification and valuation of ecological assets through NCA, and the importance of integrating this essential information into their economic and development planning.

The research explores how NCA can guide SIDS in making informed decisions that balance environmental conservation, sustainable resource use, and economic growth. It also investigates the potential of blue carbon credit finance as a tool for environmental and financial sustainability.

This paper presents case studies and a literature review to illustrate the practical application of NCA, aiming to provide actionable solutions that address the complex interplay of social, economic, and environmental aspects of climate change in SIDS. The goal is to offer insights that contribute to the resilience and sustainability of these regions, enhancing their capacity to navigate and adapt to the ongoing challenges posed by climate change.

Author: Carl-Ann La V. Blackman

Carl-Ann Blackman presented the initial draft of this paper at the SIDS Future Forum in March 2024. Timestamp 8:28:00


SIDS Future Forum 3