News

May 31, 2013
The World Bank

Rachel Kyte, Vice President for the World Bank’s Sustainable Development Network, presented the World Bank’s view on the need to balance economic and environmental interests, focusing on the Wealth Accounting and Valuation of Ecosystem Services (WAVES) Partnership, at the Seventh Trondheim Conference on Biodiversity - Ecology and Economy for a Sustainable Society in Trondheim, Norway, May 27-31, 2013. 

April 26, 2013

The Government of Switzerland has become the newest donor to the WAVES global partnership. The $5 million contribution from the Government of Switzerland will be split evenly to support two complementary initiatives within the World Bank and IFC, a member of the World Bank Group, over a three-year period.

April 20, 2013
SECO Economic Cooperation and Development

BERN, April 20, 2013 - Natural capital is a relevant factor in economic decision-making and plays a decisive role in, for example, the development of tourist destinations or natural flood protection. At the World Bank Spring Meeting on 18-21 April in Washington DC, Federal Councillor of the Swiss Government, Johann N. Schneider-Ammann, signed two agreements in support of natural capital accounting in developing countries, each to the value of USD 2.5 million. English | German

April 18, 2013
World Bank

Over 25 ministers and vice-ministers of finance, development, and environment attended the High-level Ministerial Dialogue on Natural Capital Accounting (NCA), on the eve of the World Bank-IMF Spring Meetings in Washington, DC on April 18, 2013. The meeting convened the `first-movers’ of NCA, a group of more than 60 countries committed to supporting NCA to move beyond GDP as the main measure of an economy’s progress.

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April 9, 2013

A two-minute video created by famed cartoonist Jim Toomey on the valuation of oceans was released by the United Nations Environment Programme at the WAVES Partnership meeting.

June 19, 2012

Rio+20 offered a unique chance to include 'natural capital' in national accounts and move towards development that is more sustainable.

May 16, 2012

Examples from developed and developing countries illustrate how Natural Capital Accounts on forests, minerals and water are helping countries make better economic decisions.

May 16, 2012

Using the Great Barrier Reef as an example, Dr. Michael Vardon, Director, Center of Environment and Energy Statistics, Australia, illustrates what natural capital accounting is and why it is important.

May 15, 2013
Participants at a WAVES workshop in Mauritius. - Photo:Ricardo Martinez-Lagunes/UNDESA
A workshop on water accounts and statistics held May 8-10 brought together participants from the national statistics offices and water, environment ministries, and other agencies from Botswana, Mauritius, Namibia, Seychelles, South Africa, and Zimbabwe.
May 15, 2013
A lady rows a traditional boat in the Okavango delta in Botswana. - Photo: Shutterstock
High-level political buy-in for natural capital accounting in Botswana has helped the country advance on WAVES work.
May 15, 2013
A vendor sells fruits on the street.
In the past year, WAVES partner countries have agreed upon priority accounts and made great strides in moving their work plans forward.
April 11, 2013
Group photo of the participants at the third annual WAVES Partnership meeting.
The third annual WAVES (Wealth Accounting and the Valuation of Ecosystem Services) Partnership meeting brought together more than 100 experts who are at the forefront of advancing work on natural capital accounting (NCA) as a means to promote sustainable growth and fight issues such as poverty and climate change.

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