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Second Natural Capital Forum - "Innovative Green Growth Pathways to a Nature Friendly Future from Politics, Business and Finance"
The first edition organized on March 18 and 19, 2021 had led to the creation of the Nat Cap Madagascar network which now has more than 40 members.
The 2nd edition of the forum was co-organized by the Natural Capital Madagascar network, with the support of the Agence Française pour le Développement (AFD), the MAVA Foundation, WWF Madagascar and the Axian Group under the co-sponsorship of the Ministry of Environment and Sustainable Development (MEDD), the Ministry of Agriculture and Livestock (MINAE) and the Ministry of Fisheries and Blue Economy (MPEB).
Its objective is to facilitate meetings, exchanges and sharing of lessons among stakeholders and to identify ways to improve decision-making in natural resource, biodiversity and land management through the accounting and valuation of natural capital. Devoted to the valuation of natural capital and its integration into policies and investments for green growth in Madagascar, this second edition was an opportunity for all participants to acknowledge the urgency to act and create conditions for a sustainable exploitation of natural resources in the country.
The eight seven exchange sessions gathered 134 participants and 38 speakers from all horizons. In a participatory and co-constructive approach, these exchanges and debates allowed to highlight the existing solutions in terms of valorization and consideration of natural capital in policies and business models as well as the constraints that limit their development and scaling.
All stakeholders agree on the need for green growth in Madagascar as an engine for economic development, the fight against extreme poverty and environmental protection.
The actions to be undertaken from here :
- Share and capitalize on existing good practices (communication, exchanges, exchange visits)
- Map existing initiatives (sectors and industries) and actors
- Strengthen the capacities and support of public and private actors
- Expand the membership of the NatCap network (energy, transport, digital economy etc.)
- Conducting advocacy actions with all decision makers (donors, government, private sector, etc.): developing an advocacy strategy, identifying concrete actions to support them
- Ensure the implementation of local regulatory frameworks for the protection of investments that value natural capital
- Mobilize financing towards sustainable models that create economic and environmental value, meet the needs of the market and the social expectations of producers
- Encourage entrepreneurs to invest in the development of natural capital
- Advocate for the recognition of the status of social and conservation entrepreneurs
As a result, the Natural Capital Madagascar network is committed to developing a roadmap and a stakeholder engagement plan to promote the green and blue economy for green growth.