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.
Natural capital accounting can add value in Rwanda’s national development planning process, said Minister for Natural Resources, Dr Vincent Biruta.
Our economic system functions within, not alongside, an environmental reality. The tools have been created over the past twenty years to factor the environment into our decision making. We just need to take the next step.