WAVES has helpsed Indonesia implement a system that calculates the physical and monetary values of natural resources using an accounting system, or often referred to as Natural Capital Accounting, or NCA. Through NCA, natural resources can be mainstreamed into development policy and planning. This video captures the impact that accounting has had on policy-making in Indonesia.
Government of Zambia says it is vital to account for natural resources in calculation of the Gross Domestic Product (GDP) and the wider national development.
Integrated framework is tested in Guatemala showing the critical relationship between the environment and the economy for more robust policy analysis.
A blog on how the application of the Integrated Economic-Environmental Modelling (IEEM) platform is being used to analyze Guatemala’s fuelwood sector by simulating a 25% increase in the efficiency of household fuelwood use.
Nearly 100 experts working on NCA gathered in Costa Rica for the WAVES' sixth annual partnership meeting to discuss how to embed NCA in policy-making.
This blog says that every unit of human development over past decades has been matched by an equal measure of decline in our natural capital--and that we are exceeding the environmental limits of our one planet, living off the capital, rather than the interest.
WAVES offers an opportunity for Botswana to determine the physical stock of its natural resources and prepare monetary accounts; the results can be used in economic planning in order to reach sustainable development.
The accounts will provide information on the social and environmental costs of mining and how mineral resources contribute to the economy.