Natural Capital Committee

[2]: 250 Having fulfilled its initial remit, the UK NCC ceased activity in March 2015, but was reformed by the new 2015 conservative government with modified Terms of Reference and a brief to continue for the life of that current parliament (i.e. up to 2020).

[4] The NCC was set up as an independent advisory Committee following a key UK Government Natural Environment White Paper commitment in 2011.

It initially had a three-year term and formally reported to the Economic Affairs Committee, which is chaired by the Chancellor of the Exchequer.

[5] In 2015 the new UK Government announced that the Natural Capital Committee would be continued at least until the end of the current parliament and that its terms of reference would be reviewed.

[citation needed] In line with its third Term of Reference, the UK NCC produced an advice paper to Government on research priorities.

Perhaps the main message of its second report was the recommendation to establish a 25-year plan for restoring the country's key natural assets.

It recommended that Government should develop a strategy, action plan and investment programme to protect and improve natural capital within a generation.

These were: Giles Atkinson, Ian Bateman, Rosie Hails, Kerry ten Kate, Georgina Mace, Colin Mayer, Robin Smale.

In other words they are total gibberish.Others have defended the efforts of the Natural Capital Committee to integrate the valuation of natural capital into national and local economic decision-making, arguing that it puts the environment on a more equal footing when weighed against other commercial pressures, and that valuation is not the same as monetisation.