Water security is at the core of several national development plans and sustainable development goals (SDGs): access to clean water and sanitation (SDG 6), and as an input to food security (SDG 2) and energy (SDG 7). Increasing demand and competition for water requires better information to direct investments and maximize benefits for all. Natural capital accounting can provide indicators to help policy design, monitoring, and cost-recovery strategies.
The Philippines is producing mineral, mangrove, and ecosystem accounts. The data generated will give a clearer picture of the country’s natural capital resources and provide input for investment and policy decisions.
Costa Rica has prepared three main accounts—for forests, water, and energy—using the United Nations System of Environmental-Economic Accounting (SEEA). Results from the first set of accounts will start to reveal the value of natural capital’s contributions to society. This data will help to define the country’s policies into the future.
Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-led global partnership that aims to promote sustainable development by ensuring that natural resources are mainstreamed in development planning and national economic accounts.