Participants gathered in The Hague for the 2nd Forum on Natural Capital Accounting for Better Policy.
According to a new study, reforestation and forest rehabilitation may be the most cost-effective option for producing valuable ecosystem services.
GDP and Wealth are complementary indicators that provide a fuller picture of economic well-being. A country’s comprehensive wealth includes all produced capital such as factories and roads; natural capital like forests and water; human capital, which leads to earnings; and net foreign assets. Only by having a clear understanding of our world’s wealth—including all forms of capital—can we plan for a more sustainable future. The World Bank is working with countries to go beyond GDP and build a more accurate picture of their wealth.
This video features highlights from the Philippines National Conference on Natural Capital Accounting, held in Manila on 30-31 March 2017, hosted by by the National Economic Development Authority (NEDA).