As a new WAVES core implementing country, Guatemala plans to build on existing work on natural capital accounting to better integrate the true value of goods and services into development policy.
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Rwanda becomes a WAVES core implementing country. Rwandan Minister of Natural Resources Minister Stanislas Kamanzi spoke to the WAVES team on why he is excited about the idea of valuing natural capital.
Ecosystem accounts show how the services provided by an entire ecosystem feed into economic activity. Preliminary results from the EcoSpace project were recently shared with the WAVES Policy and Technical Experts Committee.
Parliament members request the “greatest possible support” from Government to embed the value of natural capital in national accounts and policy decisions.
The signatory countries agree to set up an interim secretariat to help countries with technical and financial support on implementing natural capital accounting.
WAVES will work with Colombia to quantify all the functions provided by Lake Tota, such as water for drinking, agriculture, tourism, and fishing, and provide evidence for decision-making with leaders from the National Dept. of Planning in Colombia.