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.
Madagascar's natural capital accounts to be used for development planning, and included in the country’s recently-adopted National Development Plan.
Ministers of environment and representatives of over 45 African countries agreed to accelerate action on sustainable development including policies and practices to reverse ecosystem degradation and to sustainably manage natural capital.
Studies value Ireland's natural capital - or the wider environment - at €2.6bn a year, and includes the economic value of timber, the value that pollinators play in growing crops and the recreational value of the outdoors.
Ecosystem accounts published by the UK Government for six pilot areas in England and Scotland highlight the important role natural areas play for air quality.
In a paper in Proceedings of the National Academy of Sciences, a team devised a formula to determine the worth over time of natural capital, using the dollar value of groundwater in the U.S. state of Kansas as an example.
How has NCA influenced policy in countries? WAVES Senior Environmental Economist Sofia Ahlroth discusses the NCA in Action series.
Policymakers welcome results from a Global Development Network project that accounts for land and water in Madagascar, Mauritius and Morocco.
NCA Advisor, Portia Segomelo, recently visited Kigali to facilitate Rwanda’s NCA process by sharing Botswana’s experience in developing water and mineral accounts.