The Government recognises that the decline of nature, is a critical development issue and we must ensure that all natural resources or natural capital assets are mainstreamed in development planning and the System of National Accounts (SNA) of Zambia’s macroeconomic accounts.
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Investing in Natural Capital for a green recovery from COVID-19 makes economic sense—providing employment, economic growth, & social benefits like health and food security, while protecting against climate risks. — Karin Kemper, Global Director for the Environment, Natural Resources and Blue Economy Global Practice, World Bank, speaking at the Fifth NCA Forum.
The World Bank will give Targeted Technical Assistance (TTA) to 20 countries worldwide including 8 in Africa under their Global Sustainability Program (GPS).
The development of ocean accounts provides an unprecedented opportunity to showcase the value of the ocean and with it the prospect of long-term sustainability
WORLD OCEAN INITIATIVE
The Africa Natural Capital Accounting Community of Practice was launched today at the ‘African Forum on Green Economy’ conference.
If you take care of the land, it will take care of you, says Tsefaye Kidane, a 40-year-old coffee farmer from a protected area in southwest Ethiopia that is also regarded as the birthplace of wild Arabica coffee.
This video explains the concept of NCA. Using a standardised method to assess nature’s stocks and flows can help decision makers better understand how the environment impacts our economy - and vice versa.
But how much in renewable capital does Zambia have?
There several compelling reasons for asset owners to adopt sustainable investment, and for governments to support them in these endeavors.
The World Bank Group is supporting the development of the Framework through an initiative named “The Road to Kunming”. This complements the WBG’s rich operational engagement on biodiversity and ecosystems.