Investing in Natural Capital for a Sustainable Future in the Greater Mekong Subregion by Asian Development Bank;

Author:Asian Development Bank;
Language: eng
Format: epub
Publisher: Asian Development Bank Institute
Published: 2016-08-15T00:00:00+00:00

n/a = data not available, GMS = Greater Mekong Subregion, ha = hectare, Lao PDR = Lao People’s Democratic Republic, PA = protected area, PRC = People’s Republic of China.

Source: FAO (2011).

Recently, there has been a marked shift in water asset management policies. Such policies traditionally focused on the allocation of water endowments for household and sectoral use, and on the construction of dams for hydroelectric power, but today they increasingly emphasize integrated management and sustainable use. All GMS countries have at least a “national framework” or a “water policy and strategy” that is based on IWRM principles and that covers priority economic, environmental, and social issues and policies related to water (MRC 2011).

GMS countries are expanding their policy focus to include the sustainable management of natural capital through the formulation of green-growth strategies. In the PRC, all major national plans and poverty-reduction strategy papers address natural capital and biodiversity. In its Third Rectangular Strategy, the Government of Cambodia has placed a high priority on the sustainable management and use of environmental and natural assets, and it has established the Secretariat for Green Growth under the Ministry of Environment. Myanmar has been convening a “green economy, green growth” forum annually since 2011. In 2012, Viet Nam developed its National Strategy for Green Growth, which has a strong focus on the restoration and development of natural capital and encourages all economic sectors to invest in “ecological services” infrastructure. Viet Nam has also adopted national strategies for sustainable development, environmental protection, climate change, and forest protection and development (Box 2.2).

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