Distributional issues in natural capital accounting: an application to land ownership and ecosystem services in Scotland

Giles Atkinson and Paola Ovando

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Accounting for ecosystems is increasingly central to natural capital accounting. What is missing from this, however, is an answer to questions about how natural capital is distributed. That is, who consumes ecosystem services and who owns or manages the underlying asset(s) that give rise to ecosystem services. In this paper, we examine the significance of the ownership of land on which ecosystem assets (or ecosystem types) is located in the context of natural capital accounting. We illustrate this in an empirical application to two ecosystem services and a range of ecosystem types and land ownership in Scotland, a context in which land reform debates are longstanding. Our results indicate the relative importance of private land in ecosystem service supply, rather than land held by the public sector. We find relative concentration of ownership for land providing comparatively high amounts of carbon sequestration. For air pollution removal, however, the role of smaller to medium sized, mostly privately owned, land holdings closer to urban settlements becomes more prominent. The contributions in this paper, we argue, represent important first steps in anticipating distributional impacts of natural capital (and related) policy in natural capital accounts as well as connecting these frameworks to broader concerns about wealth disparities across and within countries.

Keywords: distribution; ecosystem services; equity; natural capital accounting; landownership (search for similar items in EconPapers)
JEL-codes: Q56 Q57 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2022-02
New Economics Papers: this item is included in nep-agr, nep-env and nep-his
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Environmental and Resource Economics, February, 2022, 81(2), pp. 215 - 241. ISSN: 0924-6460

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:112171

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