The Forum aims to provide participants with a platform to discuss the use of natural capital approaches, including natural capital accounting (NCA), and the challenges and opportunities in using natural capital data, tools and analysis to inform and support policies in African countries.
This document reports on results accomplished during Fiscal Year 2022 by both the WAVES Plus and the GPS Multi-Donor Trust Funds (MDTFs). The report also summarizes relevant events and activities that that have taken place during the second semester of 2022.
Combining cutting-edge, integrated natural science and economic models with an extensive new global dataset, Nature’s Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital offers a novel approach to address the foundational challenges of sustainability to find that economic development and poverty reduction do not need to come at the cost of a livable planet.
Ghana, a West African country rich in natural resources, is in the midst of a transition to holistic landscape management to benefit national wealth and the livelihoods of its people.
Natural capital is the wealth of the poor. Its degradation and loss are their burden to carry. Degradation of nature could cause the poorest countries to lose 10% of their GDP annually by 2030.
Investing in nature is crucial for reducing poverty and inequality and preserving the critical ecosystems that support livelihoods and a stable climate.
The 2022 Forum focused on financing for nature with discussion on the role natural capital, ecosystem services data and analytics play in investment and policy decisions.
The report uses innovative economic modelling techniques to estimate how changes in select ecosystem services impact the economy, helping decision-makers understand the cost of inaction.