Country-level support to integrate natural capital approaches into decision-making
Objective: Build countries` capacity to produce and use natural capital accounting for policy and planning decisions.
Natural Capital Accounting (NCA) and evaluation of ecosystem services can provide detailed statistics on nature`s contribution to human well-being, support better management of natural resources and contribute to economic development. However, many low-income countries lack comprehensive natural capital accounts, or the capacity to use such information in designing policies for sustainable growth.
The World Bank through the Wealth Accounting and the Valuation of Ecosystem Services (WAVES) partnership has worked with 18 countries to strengthen their capacity to produce, institutionalize and use natural capital accounts for policy decisions. WAVES engagement with Botswana, Colombia, Costa Rica, Madagascar, and the Philippines, the initial core implementing countries, ended in June 2016. These countries embarked on natural capital accounting programs endorsed at the highest level of their governments, have institutionalized accounts, are acting as mentors to other countries in the region, and are showing the way on using accounts for monitoring SDGs or their national plans.
Other core implementing countries have also made important strides toward developing NCA and using them for decision making. For example, Rwanda’s land accounts are informing its national land management system, allowing policy makers to study trends in land use and changes over time. In Indonesia, the ecosystem accounts on peatlands have several policy implications: they can identify areas that can be considered a priority for rehabilitation or can support the National Action Plan to Reduce Greenhouse Gas (GHG) emissions.
GPS` Pillar 2 builds on the WAVES strategy and intends to increase the number of countries using NCA and valuation of ecosystem services in their regular decision making on policies and projects by focusing on:
· Building and institutionalizing natural capital accounting systems at the national level in Core Implementing Countries (CIC), including through recipient-executed activities, and as part of the implementation of the World Bank new Environmental and Social Framework.
- Providing Targeted Technical Assistance to meet countries’ requests in the design, implementation, monitoring and evaluation of specific policies, programs or projects.
- Collaborating with partners to establish and support regional cooperation efforts, such as communities of practice and knowledge exchanges that provide opportunities for peer learning and training.
- Supporting global knowledge-sharing and strategic partnerships, notably the annual Natural Capital Accounting Policy Forum series.
Under GPS, CIC support is already being extended to Morocco and Egypt.