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CAPTURING NATURAL CAPITAL IN DECISION-MAKING JAMES PALMER NATURAL RESOURCES SECTOR Content Why : Background What : Deliverables Who: Governance When : Timings How : Getting involved Why: Background Need to test the utility of estimating stocks

  1. CAPTURING NATURAL CAPITAL IN DECISION-MAKING JAMES PALMER NATURAL RESOURCES SECTOR

  2. Content Why : Background What : Deliverables Who: Governance When : Timings How : Getting involved

  3. Why: Background Need to test the utility of estimating stocks and flows of natural capital for improved decision-making This one-year project will: • Produce tangible outputs • Demonstrate the value of this work, in a low-cost way • Enable a collective conversation to advise on how we progress this area in the longer term

  4. What: Deliverables (1) Bringing together what we already know and do Stocktake Case studies Evaluation Advice December 2014 : Up to 3 case studies Lessons learnt from Pull together case drawn from NRS Choice of case case studies and study info agencies’ existing studies, ToR for stocktake work programmes Stocktake Review key Potential or March 2015: Case studies from domestic and upcoming work to business and Interim advice to international use/align with (incl. Regional Councils inform annual plans literature Science Challenges) August 2015: Collate info on how Conceptual Develop options for decisions currently Options for next framework to guide next steps are made, and who steps; incl. form, case studies makes them scale and scope

  5. What: Deliverables (2) NRS government agencies are currently reviewing potential case studies – these are the preliminary topics Waiapu Freshwater Spatial plan Wilding Pines restoration Evaluate and Building prioritise natural capital Classify Assess impacts ecosystem ecosystem as a foundation of managing services in services, plus for economic this threat terms of value link to ER and cultural Synthesis sustainability Potential lead : Potential lead : Potential lead : Potential lead : MPI, Waikato Waikato RC, or DOC, MPI, or Ngati Porou, or RC, or joint joint w. MfE joint joint w. NRSSU

  6. Who: Governance The governance structure has 3 parts Governance Board Advisory Group Coordination Hub Provides strategic oversight, makes Drives deliverables and Coordinates and decisions, and liaises provides input for the compiles advice with NRS and business advice CEs SBC, DOC, MBIE, MPI, DIA, DOC, LINZ, MBIE, NRSSU, Regional MfE, MPI, NRSSU, TPK, NRSSU Council TSY

  7. When: Timeline The project will report in August 2015

  8. How: Getting involved We invite business to get involved – there are opportunities to participate in the governance and deliverables! Governance structures Deliverables Governance Board: Stocktake : We would like one further member Want to shape the terms of from business on the Board. Would reference? Peer review? Or provide you like to be that person? financial and/or in-kind support? Case studies: Advisory Group : Want to put forward a case study? Or Want to become a member and help get involved with the government drive, structure, review and advise? agency case studies?

  9. Thank you! Keeping in touch • In general : info@nrssu.govt.nz • Today : Natasha Lewis, Director of the NRSSU, is here today please do go and talk to her

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