Adapting ecosystem accounting to meet the needs of Indigenous living cultural landscapes: A case study from Yawuru Country, northern Australia

‘Two sides of the same coin’? Bridging water accounting and valuation for better decision-making

“…Jarvis et al (2022) proposed generic groups of additional indicators that can be used alongside (but not integrated into) existing accounts to better capture key relationships that support the intrinsic and intangible connections that many First Nations people have with land and water. Likewise, Normyle et al (2024) show how considering bilarra (wetland) areas as 'cultural-ecosystem' assets within the Yawuru (Indigenous) landscape enabled cultural values of wetland areas to be recorded as metrics of 'cultural condition' within a SEEA-based asset account. Although such values are not recorded as market transactions, the process of capturing held and intangible values within ecosystem accounts can assist in representing the diverse range of values of water beyond exchange values in supply and use accounts.…”