Regional Environmental Centre for Central Asia (CAREC) commits to support Central Asian countries in the establishment and integration of environmental accounting to their national accounting systems in order to better measure natural capital. The commitment will result in the accept and implementation of environmental accounting to measure natural capital and progress towards a green economy.
The commitment falls under focus area 1 and 2 of the Batumi Initiative to improve the measurement and valuation of natural capital; to promote internalisation of negative externalities and the sustainable use of natural capital.
Implementing partners will include national partners including state statistics committees, ministries of economy, and ministries of the environment protection.
The commitment is relevant to SDGs 12 and 15.