Natural Capital Accounting and NDP III 2021-2025

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Organisation:
Wealth Accounting and the Valuation of Ecosystem Services (WAVES), Government of Uganda, World Bank Group (WBG)

This case study demonstrates the importance of different Natural Capital Accounting (NCA) accounts for development planning, based on experiences from Uganda and other countries.

The Uganda Natural Capital Accounting programme aims to mainstream natural capital into development policy dialogue and planning by integrating a set of accounts that will inform the Third National Development Plan (NDP III) and other national and sectoral policies.

While GDP is a good measure of annual production in a country, it is an insufficient indicator of development as it only records income. In addition, it does not sufficiently cover the flows and stocks of natural resources, which is key to achieving both economic and ecological sustainability. Natural Capital Accounting can contribute directly to three of the five objectives of NDP III.

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Country :
Uganda
Regions :
Africa
Sectors :
Themes :
Initiatives :
Mainstreaming Natural Capital in African Development Finance

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