Green economy which conserves natural capital

Jul 6, 2016

Photo Credit: Kairatbek Murzakimov, Daniyar Jakypov

Recently Bishkek hosted international conference on natural capital for the transition to a green economy.

The conference brought together over 100 participants from Central Asia, Eastern Europe and Caucasus: decision-makers and representing ministries of finance, planning, economy, environment and statistics, and representatives of science, civil society and international organizations.

The Forum became a platform for discussion of a concept for assessment and management of natural capital - natural resources and ecosystems, to use it effectively for the transition towards a green economy.

On behalf of the Government of the Kyrgyz Republic, Murat Mukambetov, the first deputy head of the Government Office welcomed the participants. In his speech he noted Kyrgyzstan is implementing a national strategy to achieve 2030 sustainable development goals of the United Nations, in particular a transition to the green economy – an economy that results in improved welfare of people and the strengthening of social justice while reducing environmental risks and scarcity of natural resources. Therefore, the conclusions and recommendations of the conference on natural capital, which is an integral part of the national economy, will be taken into consideration by the Government of the Kyrgyz Republic.

The Central Asian economies depend directly on available natural resources. However, so far no consensus has been reached on the value of the very nature, of services provided by ecosystems, and approaches to their sustainable management. Nevertheless, Central Asian governments have realized the threat to natural resources and began to take measures for the sustainable management of their natural capital.

For two days, the conference had multilateral discussion of the assessment of natural resources from an economic point of view, to identify the real value of natural capital and its importance in the economy of states.

The conference was organized by the National Statistics Committee, in collaboration with the State Agency of Environment Protection and Forestry under the Government of the Kyrgyz Republic, and with the support of the German federal enterprise for international cooperation (GIZ), UNDP – UNEP Poverty-Environment Initiative (PEI).

Daniyar Jakypov, UNDP Sustainable Development Communication Specialist