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dc.titleContributions of Natural Capital Approaches to the Implementation of Public Policies in Chile (Final Report)
dc.contributor.authorAngarita, Héctor
dc.contributor.authorPasten, Roberto
dc.contributor.authorAraos, Ana Luisa
dc.contributor.authorDe la Vega, Xaviera
dc.contributor.authorVogl, Adrian
dc.contributor.authorFournies, Paula
dc.contributor.authorLópez, Ignacia
dc.contributor.authorShee, Álvaro
dc.contributor.authorCallau, Vanessa
dc.contributor.authorLlaguno, Duval
dc.contributor.authorMurguia, Juan M.
dc.contributor.authorSaavedra, Valentina
dc.contributor.authorDel Rio Arteaga, Mariana Teresita Carmen
dc.contributor.editorFournies, Paula
dc.contributor.editorLópez, Ignacia
dc.contributor.editorCallau, Vanessa
dc.contributor.editorLlaguno, Duval
dc.contributor.editorKimbrell, Elana
dc.contributor.orgunitBiodiversity and Natural Capital Unit
dc.coverageChile
dc.date.available2026-03-03T00:03:00
dc.date.issue2026-03-03T00:03:00
dc.description.abstractThe Natural Capital Valuation Pilot Project in Chiles Bueno River Basin demonstrates how Natural Capital Approaches (NCA) can be applied to support territorial public policy and decision-making. The initiative addresses a key information gap identified by Chiles Natural Capital Committee by integrating biophysical, economic, and regulatory data into a practical framework for managing natural capital. Through ecosystem service modeling, economic valuation, and spatial analysis, the project quantified and mapped six priority ecosystem services, estimating that the basins natural capital generates approximately US$496 million in annual benefits, particularly through climate regulation, sediment retention, and water regulation. The project also explored how natural capital information can be integrated into public policy instruments, particularly Law No. 21,600, which established the Biodiversity and Protected Areas Service (SBAP), and its Biodiversity Compensation Instrument. By combining ecological, economic, and regulatory criteria, the study identified priority restoration areas that maximize ecosystem service co-benefits, align with biodiversity compensation requirements, and minimize opportunity costs. A complementary analysis of the regulatory framework highlighted information needs, institutional gaps, and opportunities for incorporating natural capital considerations into biodiversity compensation planning and implementation. The findings demonstrate that Natural Capital Approaches can improve the efficiency, transparency, and traceability of biodiversity compensation measures while supporting broader environmental and development objectives. The methodology provides a replicable framework that can be adapted to other regions and scaled nationally, helping strengthen integrated natural capital management across Chile. Key recommendations include translating technical findings into concrete institutional actions, enhancing interagency coordination and technical capacity, and advancing interoperable data governance systems to support evidence-based decision-making and the recognition of nature as a strategic asset for sustainable development, productivity, and competitiveness.
dc.format.extent46
dc.identifier.doihttp://dx.doi.org/10.18235/0013964
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Contributions-of-Natural-Capital-Approaches-to-the-Implementation-of-Public-Policies-in-Chile-Final-Report.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Aportes-de-los-enfoques-de-capital-natural-a-la-implementacion-de-politicas-publicas-en-Chile-informe-final.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectNatural Capital
dc.subjectEcosystem Service
dc.subjectWage
dc.subjectBiodiversity
dc.subjectPublic Policy
dc.subjectRegulation
dc.subjectWater and Sanitation
dc.subjectProtected Area
dc.subject.jelcodeQ57 - Ecological Economics: Ecosystem Services • Biodiversity Conservation • Bioeconomics • Industrial Ecology
dc.subject.jelcodeQ56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-03294
idb.operationRG-T4141
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