Thailand urged to put nature on national balance sheet for green growth

The World Bank is urging Thailand to adopt Natural Capital Accounting (NCA) to integrate the economic value of assets like forests and watersheds into national accounts. This framework makes the “invisible” contributions of nature—such as flood control and tourism support—visible to policymakers. Rather than replacing GDP, NCA ensures current economic growth does not deplete resources needed for future prosperity. This approach helps Thailand identify green growth opportunities in sustainable agriculture, eco-tourism, and biotechnology while mitigating long-term fiscal risks.
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