Governments can create the enabling environment needed to mainstream a capitals approach. The Government Dialogue on Natural Capital brings together governments from around the world to identify best practices and strengthen their enabling roles to transform decision-making by redefining our concept of value.
Government policymakers can play a crucial role in incentivising and scaling sustainable solutions to global, national and local challenges by creating an enabling environment for others to adopt a capitals approach.
Many governments across the world recognize this opportunity, but their efforts can be strengthened through greater discussion and collaboration.
We helped to establish the Government Dialogue on Natural Capital to bring governments together to discuss their individual and collective roles in creating an enabling environment for capital approaches globally.
An enabling environment in the context of natural capital approaches has been defined by the community as:
The context needed to support the transition to a society in which capital approaches are an integral part of public and private decision-making.
The Government Dialogue on Natural Capital provides a platform for governments to explore and strengthen the role of national governments and their interactions with the private sector in scaling up and mainstreaming the capitals approach. So far, we have brought together representatives from 35 countries.
The Dialogue opens up discussion around best practices, allows policymakers to share their experiences and ambition and creates a space to explore opportunities for collaboration with the aim of strengthening the enabling role of governments around the world. To facilitate this, we have held meetings and webinars as well as published a number of public sector narratives.
The Government Dialogue on Natural Capital will be broadened embed the value of all capitals in decision-making.
We will also create a government group on our new community platform to provide a space for governments to continue their engagement and collaboration.