Approaches to the assessment of the natural capital of forests and the prospects for modernization of forest management in the context of green economy

The goal of the paper is to study approaches to the assessment of natural capital of forests, especially forest resources, and the prospects for modernization of forest management in the context of green economy. We show that current socio-economic development strategies in most countries encourage rapid accumulation of physical, financial and human capital through excessive depletion and degradation of natural capital, which includes natural resources and ecosystems. In order to prevent this threat, it is necessary to move to the concept of green economy that involves effective use of natural resources, ensuring the sustainability of natural ecosystems and reducing the use of resources in production and consumption. In this regard, we study indicators and methodological approaches used for measuring and assessing forest resources in the global and domestic practice. We reveal the shortcomings and limitations of their application, which are associated with the quantitative assessment of the state of forests, without taking into account qualitative and structural changes...