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Forum on Natural Capital Accounting for Better Policy Decisions : Taking Stock and Moving Forward (English)

Policy decisions on poverty reduction, investment, economic growth, and environmental management are increasingly sensitive to natural resource values, scarcities, and deterioration. Many countries have made progress in natural capital accounting (NCA), although using it to inform policy is still an aspiration for most. Yet many are now at a stage where NCA could make a positive impact on policy decisions. The Netherlands Ministry of Foreign Affairs (MFA) and the World Bank–led WAVES Global Partnership share an ambition to improve the uptake, use, and effectiveness of NCA. In 2016, they came together to work out how to do so complementing the recent emphasis on accounts generation with greater effort to engage the institutions involved in decision making. They felt that real progress can be made if supply-side and demand side stakeholders worked more closely together to define the information needed for good decisions, provide the information in the right ways, and monitor progress. They set up an organizing committee to prepare for an initial NCA policy forum meeting to bring the stakeholders together and explore progress and best bets in ensuring that NCA is policy relevant and timely. The Forum’s first meeting was subsequently held in November 2016, in The Hague. Its aim was for NCA developers and policy makers from high-, middle-, and low-income countries to share and explore country experiences using natural capital accounts and address the challenges of getting quality natural capital information to influence real-life policy decisions.

Details

  • Document Date

    2017/10/01

  • Document Type

    Report

  • Report Number

    145470

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    Other, The World Region,

  • Disclosure Date

    2020/01/27

  • Disclosure Status

    Disclosed

  • Doc Name

    Forum on Natural Capital Accounting for Better Policy Decisions : Taking Stock and Moving Forward

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Citation

Forum on Natural Capital Accounting for Better Policy Decisions : Taking Stock and Moving Forward (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/904211580129561872/Forum-on-Natural-Capital-Accounting-for-Better-Policy-Decisions-Taking-Stock-and-Moving-Forward