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<p> </p><p>Defra and HM Treasury produced new Green Book supplementary guidance in
2012 on how to account for nature's value at:</p><p> </p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/191500/Accounting_for_enviornomental_impacts.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/191500/Accounting_for_enviornomental_impacts.pdf</a></p><p>
</p><p><strong> </strong></p><p> </p><p>This supplementary guidance covers the practical
application of techniques for valuing environmental impacts in policy appraisal. It
applies to all programmes, policies and projects. An important recommendation in this
guidance is the use of the ecosystem services framework.</p><p> </p><p> </p><p> </p><p>Defra
is also supporting independent research on developing further our understanding of
nature's economic and social value through the National Ecosystem Assessment Follow-On
Project (NEAFO), which will report later this year.</p><p> </p>
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