Economic value of nature key to policy management: Mwapopi

23 Nov 2017 18:30pm
WINDHOEK, 23 OCT (N0V) - A stakeholder meeting was held here on Thursday to discuss progress overview for the Resource Mobilisation for Biodiversity Conservation (ResMob) Project, which was established in 2013.
The project is an initiative by the Ministry of Environment and Tourism (MET) in cooperation with German development agency, GIZ-GmbH, which was commissioned by the German Ministry for the Environment, Nature Conservation, Building and Nuclear Safety.
It is aimed at cultivating financial, technical and human resources to mobilise strategies for improved conservation of biodiversity in Namibia.
Speaking at the meeting, Project Coordinator Ferdinand Mwapopi said the project has made great progress specifically in its three main components: natural capital accounting, capacity development, and resource management.
Mwapopi said thus far the project has overseen a feasibility study conducted on environmental accounts in the country and an assessment of various ecosystem services, which was done in several regions.
He also said a biodiversity expenditure review was drawn up and several experts from the public and private sector were trained in areas of biodiversity policy, economic and environmental fiscal reforms and ecosystem services.
“By measuring the economic value of nature, ecosystems and their benefits, the value can be documented and integrated into national accounting as a basis for government policy management,” Mwapopi added.
Furthermore, three summer schools were conducted with the Namibian University of Science and Technology’s Department of Agriculture and Natural Resource to provide students with customised training programmes in the field, and a memorandum of understanding was signed between MET and Namibia Statistics Agency for collaboration in decision-making concerning biodiversity.
The ResMob project will run until September 2018.