Natural Capital Dialogue

Nay Pyi Taw, Myanmar 28th January 2015

Increasing Investments in Natural Capital in the Greater Mekong Subregion

The Natural Capital Dialogue brought together senior GMS government officials, international experts and a wide range of stakeholders to discuss the significance of natural capital in the context of inclusive and sustainable development in the Greater Mekong Subregion (GMS). Occurring ahead of the 4th GMS Environment Ministers’ Meeting (EMM4), the Natural Capital Dialogue presented an important opportunity to draw public and business sector attention to the need to increase investments in the Subregion’s natural capital.

Building on the momentum of Rio+20, GMS countries began to recognize the importance of natural capital for inclusive and sustainable development. However some questions required further discussion. These included: i) how sound natural capital management can deliver inclusive and sustainable economic growth and reduce poverty; ii) how to move from concept to action; and iii) how incorporation of natural capital values inform sound policy and investment decisions? 

The EMM4 took place a month after the 5th GMS Summit, where the Leaders of GMS countries stated the need to align the GMS vision of greater connectivity, competitiveness and community with national development strategies in order to attain mutual benefits. The GMS Leaders pledged to support the Regional Investment Framework (RIF) Implementation Plan as a strategic and results-based action plan that promotes inclusive and sustainable development in the GMS. The RIF Implementation Plan (2014–2018) represents an investment pipeline of over $30 billion, which will further enhance the subregion’s: a) physical capital, by supporting infrastructure development – to improve connectivity; b) its human capital, by supporting institutional and capacity development – to improve competitiveness; and c) its social capital – by supporting a greater shared sense of community.

In this context it is also important to recognize the need to increase investments in the Subregion’s natural capital which underpins the sustainability, inclusiveness and resilience of the RIF Implementation Plan. Indeed, in the context of the subregion’s vulnerability to climate change and other natural disasters, as well as to human-induced shocks, investments in natural capital present some of the most cost effective, economically viable and socially inclusive adaptation and resilience strategies. Failure to invest in natural assets is likely to significantly undermine achieving the GMS vision of greater connectivity, competitiveness and community.

Accordingly, the objectives of the Natural Capital Dialogue was to:

  • Raise awareness about the value of natural capital within the context of inclusive and sustainable development in the subregion.
  • Exchange global and regional good practices on promoting investments in natural capital.
  • Build consensus on the need to integrate natural capital considerations into subregional and national development planning.
  • Identify opportunities and priority actions to increase natural capital investments.

Identify effective and efficient partnerships for cross-sector and stakeholder coordination and collaboration to increase investments in natural capital at the subregional and national level.

Resources

File Name Size Modified
Natural Capital Dialogue​-Proceedings.pdf 268 KB 19-06-2015
Natural Capital Dialogue Agenda.pdf 107 KB 03-02-2015
Deputy Minister Opening Remarks .pdf 86 KB 27-01-2015
ADB James Nugent​-Natural Capital Dialogue Opening Remarks.pdf 118 KB 27-01-2015
Ple Sess 1. Costanza​-ANU​-Role of NC in Sus Devt.pdf 1 MB 03-02-2015
Ple Sess 1. Ouyang​-CAS​-NC in Policy Making.pdf 2 MB 03-02-2015
Ple Sess 2. Zahedi​-UNEP​-Valuing NC in Green Growth.pdf 2 MB 03-02-2015
Ple Sess 2. Nguyen​-ISPONRE​-Investing in NC in Viet Nam.pdf 2 MB 03-02-2015
Ple Sess 2. Chan​-MOE​-Cambodian NBSAP.pdf 1004 KB 03-02-2015
Ple Sess 2. Rodriguez​-CI​-NC transforming the way we think.pdf 2 MB 03-02-2015
Par Sess A. Chung​-UNESCAP​-NC mainstreaming.pdf 688 KB 03-02-2015
Par Sess A. Choulamany​-MAF​-NC from Lao PDR.pdf 2 MB 03-02-2015
Par Sess A. Bui​-ADB​-NC in GMS Energy Policy.pdf 2 MB 03-02-2015
Par Sess B. Vansy​-SNRMPEP​-Natural Capital at grassroots level.pdf 3 MB 03-02-2015
Par Sess B. Tint​-RECOFTC​-Investment for whom.pdf 826 KB 03-02-2015
Par Sess B. Samaniego​-ADB​-Investing in NC and Youth.pdf 1 MB 03-02-2015
Ple Sess 3. Shah​-GE​-Mainstreaming NC into business decisions.pdf 3 MB 03-02-2015
Ple Sess 3. Ranawana​-ADB​-Integrating NC into GMS RIF.pdf 2 MB 03-02-2015
Ple Sess 3. Priority Actions.pdf 61 KB 03-02-2015
Ple Sess 4. San Win​-UF Myanmar​-Strengthening Collaboration to NC Investment.pdf 344 KB 03-02-2015
Closing Remarks​-Deputy Minister Dr. Thet Thet Zin.pdf 58 KB 03-02-2015


See also

Consultation Workshop on GMS Climate Change and Environment Sustainability Program (CCESP)

1 to 2 April 2019
Event

Greater Mekong Subregion (GMS) Climate Change and Environment Sustainability Program (CCESP): The proposed knowledge and support technical assistance (TA) on CCESP will build on the key achievements of two phases of the Core Environment Program and support the implementation of the GMS Core Environment Program Strategic Framework and Action Plan 2018-2022, which was endorsed at the Fifth GMS Environment Ministers’ Meeting held in 2018. The CCESP will focus on creating enabling conditions to leverage additional investment in priority areas such as (i) green technologies and sustainable infrastructure; (ii) natural resources and ecosystem services; and (iii) green growth, climate resilience and disaster risk management.

More details

Consultation Workshop on GMS Sustainable Agriculture and Food Security Program (SAFSP)

3 to 4 April 2019
Event

GMS Sustainable Agriculture and Food Security Program (SAFSP): The proposed TA will build on accomplishments of the two phases of the Core Agriculture Support Program and support the implementation of Strategy for Promoting Safe and Environment-Friendly Agro-Based Value Chains in the GMS and Siem Reap Action Plan, which was endorsed by the GMS Agriculture Ministers in late 2017. The SAFSP interventions will focus on areas such as (i) climate-smart and gender-conscious agricultural value chains, (ii) food safety and quality, and (iii) water-food-energy nexus in a warming world (through the adoption of climate-friendly agricultural adaptation practices and technologies).

 

SAFSP will focus on ADB’s value addition in advancing the use of advanced digital technologies, leveraging investments and applying integrated solutions on the safe, environment and climate-friendly agro-based value chains in the GMS. The TA will assist GMS towards becoming a more integrated, prosperous, inclusive, resilient and sustainable subregion, by focusing on principles such as “food safety for all, climate-friendly agriculture, inclusiveness of small farmers, gender empowerment, corporate social responsibility, good governance, benefits for all GMS countries, and integration with ASEAN”.

 

The SAFSP will have the following themes to be implemented over 5 years:

 

      1.          Greening of agribusiness supply chains

      2.          Inclusive and gender-conscious food value chains

      3.          Financing climate-friendly agribusinesses

      4.          Food safety and quality standards, certification and traceability

      5.          Cross-border animal health and value chain development

      6.          Water for food security in a changing climate

      7.          Agricultural adaptation in the context of water-food-energy nexus

 

The Asian Development Bank (ADB) organized a workshop on the GMS SAFSP on 3-4 April 2019in Kunming, People’s Republic of China. The workshop was divided into six sessions, where each session discussed (i) key challenges for each seven themes, (ii)  current status (e.g. policies, building capacities and mobilizing investment for infrastructure), and best practices that could be replicated, (iii)  key priorities for action, and (iv) advantages or disadvantages in adopting a regional approach.

More than 80 participants attended. Delegates included senior government officials from 6ADB developing member countries, senior staff from international and regional development organizations, including ADB, non-government organizations, academia, and the private sector.

The agenda and presentation materials can be downloaded below.

 

More details
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