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Introduction of the environmental accounting system and Gross Ecosystem Product in Guinea-Bissau

United Nations Development Programme and the Ministry for Environment and Biodiversity are implementing the “Strengthening natural resource valuation capacities for improved planning and decision-making to conserve the global environment” GEF Project in Guinea-Bissau.

The goal of this project is to make better decisions to meet and sustain global environmental obligations through improved natural resource valuation and accounting in the Country.  To that end, the objective of this project is to develop technical and institutional capacities for undertaking an economic valuation of global environmental goods and services as potentially impacted by proposed development policies, programmes, plans and projects.

Under the output 1.1, Giacomo Cozzolino, Daniel Bazzucchi and other international and national consultants, are working on undertaking an analysis of the environmental accounting baseline and developing recommendations to integrate environmental accounting and natural resource valuation tools into key policies and regulations.

Specifically, Daniel has recently concluded a report on environmental accounting indicators and Giacomo two reports on the ecosystem services values in Guinea-Bissau and in the Cacheu Natural Park and a Feasibility Study for the introduction of the environmental accounting system in the Country. In this Study, the adoption of the Gross Ecosystem Product has been proposed, to complement the current use of the Gross Domestic Product (GDP).