African nations agree to put a price on nature
Ten African nations have pledged, ahead of Rio+20, to include the economic value of natural resources in their national accounts. Africa has taken the lead in the quest to persuade nations to include the full economic value of their natural resources in their national accounts, with the promise last month by ten of its nations to do so.
The heads of state or government of Botswana, Liberia, Mozambique and Namibia, along with ministers from Gabon, Ghana, Kenya, Rwanda, South Africa and Tanzania, signed the Gaborone Declaration at the Summit for Sustainability in Africa (24-25 May), co-hosted by the government of Botswana and the nongovernmental organization Conservation International.
The declaration undertakes to add the full value of forests, coral reefs, grasslands and other natural resources and ecosystems to the countries' national and corporate planning and reporting policies. The countries agreed to report annually on their progress.
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