Natural capital assets of UK valued at £951bn

The Office for National Statistics (ONS) has placed a partial value of the UK’s natural capital of £951 billion, estimating that 1,238 years of life were saved through vegetation removing air pollution in 2017.

The ONS’ figures were published today and highlight the growing value of the country’s natural capital between 1997 and 2017.

Natural capital is a measure of the natural world and its impact upon people, which can then be accounted for with a monetary value of the benefits they bring. For example, a tree has a timber value determined by the market (provisionary service), it also sucks carbon out of the atmosphere and helps reduce flood risk (regulatory service) and it also provides other benefits such as an amenity value to people such as walkers (cultural service). 

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