Natural Capital Singapore to assess the economic benefits of Singapore’s environment

A team of researchers from the Singapore-ETH Centre (SEC) and the National University of Singapore (NUS) are undertaking a three-year research project which aims at incorporating the environment into holistic, national-scale planning by calculating the economic benefits from environmental assets (termed natural capital).

The objectives of the project are to assess the current status and health of Singapore’s major ecosystems and quantify their economic and societal value. This analysis will provide the first national-scale assessment of Singapore’s natural capital, and the first assessment for a tropical, heavily urbanised country. The project will also predict potential future changes in natural capital, and identify trade-offs and synergies with future urban development. The assessment of future changes will be supported by the development of an interactive decision-support tool that will provide information on natural capital to decision-makers.

Natural Capital Singapore is an Intra-CREATE collaborative research project, funded by the National Research Foundation. The projected is hosted by the Singapore-ETH Centre, which is established by ETH Zurich – the Swiss Federal Institute of Technology Zurich. The team is led by Principal Investigators from the National University of Singapore, Nanyang Technological University, and ETH Zurich. Key partners in government are the Centre for Urban Greenery and Ecology at the National Parks Board.

Project team
Adrienne Grêt-Regamey (ETH Zurich)
Daniel A. Friess (National University of Singapore)
Peter J, Edwards (ETH Zurich/ Singapore-ETH centre)
Daniel R. Richards (Singapore-ETH Centre)
Tan Puay Yok (National University of Singapore)
Roman Carrasco (National University of Singapore)
Natasha Bhatia (Nanyang Technological University)
Patrick Martin (Nanyang Technological University)
Chen Mengli (Nanyang Technological University)
Gonzalo Carrasco (SMART)
Winston Chow (National University of Singapore)
Benjamin Lee (National Parks Board)
Rachel Oh (National Parks Board)
Alex Yee (National Parks Board)

Participant institutions
Singapore-MIT Alliance for Research and Technology
National University of Singapore
Nanyang Technological University
National Parks Board

More information at http://www.naturalcapital.sg/