The Phil-WAVES mission in the Philippines this February demonstrated the successful convergence of theory and practice of natural capital accounting.
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Declining stocks of forests, farmland, fish and other natural resources threaten to derail economic growth around the world and curb progress against poverty, the World Bank warned on Wednesday. To prevent this, countries need to move toward more resource-efficient “green growth”, said Rachel Kyte, the bank’s vice president for sustainable development.
The WAVES program in Madagascar has been endorsed by the Cabinet, representing a strong demonstration of the government’s commitment to the program.
Every country in the world should measure ‘natural capital’ as well as GDP in order to create a global economy that values the environment as well as money according to the Environment Secretary Caroline Spelman.