Zambia is the first to join as a core implementing country under the second phase of WAVES.
The DENR is pushing for an honest-to-goodness natural resource and environmental accounting system to enable the agency to come up with specific policies and programs consistent with the sustainable integrated area development approach.
NEDA will develop indicators under the NCA method to come up with a proper valuation of the country’s natural resources, Socioeconomic Planning Secretary Ernesto Pernia said.
Remarks by NEDA and the World Bank were made during the National Conference on Natural Capital Accounting in Pasig City, the Philippines.
The Center for Applied Research spoke to WAVES about supporting the Botswana Department of Water Affairs, and progress being made on NCA in Africa.
Latin America and Caribbean countries are increasingly using natural capital accounting to inform decision making on policies and planning.
Rwanda presented the first results of its Natural Capital Accounting process during a national workshop in Kigali.
More countries in the LAC region are using NCA as a tool to inform their public policy decisions.