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This report examines four approaches that have been adopted at the country or regional level: Circular Economy in the European Union (EU) and Germany, Natural Capital Accounting in Botswana, Payment for Ecosystem Services in Costa Rica, and Gross National Happiness in Bhutan. The purpose is to show that there is no “one size fits all” approach to sustainable development, but rather a range of concepts, methodologies, and tools that can be used, depending on the specific context.
This annual WAVES Country Report for Botswana provides updates on progress and ongoing plans for institutionalizing natural capital accounting in decision-making.
First WAVES Knowledge Exchange Workshop on Ecosystem Accounting-Agenda and Presentations, Los Banos, the Philippines, February 23-27, 2015
Botswana's national water accounts provide data on stocks, flows and use that can inform policymaking.
As a WAVES core implementing country, Botswana describes the country's pressing policy priorities; the accounts it chose to do; its workplan over four years; how it plans to mainstream these accounts; progress made; and next steps.
The decision to include the construction of mineral accounts in the WAVES project reflects the importance of the mining sector and the need to ensure that appropriate decisions aretaken regarding the investment of mineral revenues to provide for future economic growth.
Country work on natural capital accounting and their policy applications are reported in a publication series, WAVES Technical Reports. This is a compilation of main findings on Water Accounts in Botswana from 1993-2012.