Advancing accounts for nature in economic decision making

Dept of Climate Change, Energy, Environment & Water

We met with officials from the United States and Canada in October for the second Senior Officials Dialogue under the Joint Statement of Partnership.

The statement covers cooperation on:

  • natural capital accounting
  • environmental-economic accounting
  • related statistics.

During the dialogue, each country shared their:

  • perspectives and uses of natural capital accounting
  • methods and learnings in incorporating nature into economic decision making.

Officials also met with the private sector to better understand how natural capital accounting is being used to value natural assets.

The Australian delegation included representatives from the:

  • Department of Climate Change, Energy, the Environment and Water
  • Australian Bureau of Statistics.

Realising nature’s value helps governments and business:

  • consider environmental impacts
  • address economic challenges, such as climate change and biodiversity loss
  • make better investment decisions
  • support a nature positive economy.

We look forward to further progressing the Joint Statement at the third Senior Officials Dialogue in 2025.

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