What does "natural capital" encompass?

Natural capital encompasses a broad range of resources and systems that provide essential services and benefits to humans and the environment. This concept includes the world’s stocks of natural assets like air, water, soil, minerals, and ecosystems that support life. These elements contribute to biodiversity and provide vital ecosystem services such as clean air and water, climate regulation, pollination of crops, and nutrient cycling.

This definition highlights that natural capital is not limited to living organisms or renewable resources but rather consists of a wider array of elements essential for sustaining human life and maintaining ecological health. Recognizing natural capital's significance emphasizes the interconnectedness of environmental health and economic vitality, supporting sustainable development initiatives.