Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a World Bank-facilitated global partnership that aims to promote sustainable development by mainstreaming Natural Capital Accounting (NCA) in development planning and national accounting systems. NCA is an important tool to inform policy decision making and foster transitions towards inclusive and green growth models. To construct accounts, countries need training materials, guidance and a platform to share ideas and information.

 

The “Global Workshop on Forest Accounting” is organized under WAVES to provide a platform to share experiences on policy applications of forest accounting and test training materials. The workshop will bring the NCA Community of Practice (CoP) together to discuss opportunities for mainstreaming forest accounting into development policy. The goal is to enhance the understanding of how forest accounting can inform policy planning, to strengthen country-level capacity, and serve as a first step for the construction of a dynamic CoP on forest accounting, to allow for greater knowledge sharing and provide a system of support for countries implementing these accounts.