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The next wave of investment and innovation in Africa will be driven by the need for new energy resources, wealth generation and job creation, the head of the United Nations environment agency told regional leaders, making a case for the need to place value on natural resources.
“As the continent undergoes such unprecedented development, wealth accounting and the valuation of ecosystem services are critical to Africa’s future growth,” Executive Director of the UN Environment Programme, Achim Steiner, told the high-level African ministerial conference on green economy in Oran, Algeria.
Natural accounting and valuation in not a fringe activity, he stressed, but a cornerstone of wealth upon which sustainable, equitable and prosperous societies will be built.
Natural capital, which encompasses resources from trees to water to fish, is a critical asset in low-income countries where it makes up around 36 per cent of wealth, according to recent…
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