This work is among the first systematic compilations of the System of Environmental-Economic Accounting (SEEA) for forests and tourism in the Kyrgyz Republic, in accordance with the United Nations international standards. Many experts from all over the world worked on its preparation, including experts from Institute for Sustainable Innovation. The review was carried out by specialists from the Netherlands, Costa Rica, Australia.
The “Forest Accounts of the Kyrgyz Republic” technical report emphasizes the importance of the goods and services forests provide to the Kyrgyz economy and its people. It is clear that such diverse and beneficial services need to be taken into account in economical planning and in the process of transition to sustainable development. Natural Capital Accounting (NCA) is recognized as one of the most useful tools to provide consistent and comparable data showing the contribution of forests to economic growth. This information has special importance for the development of a cross-sectoral policy for the sustainable development of the country. In this study, the pilot implementation of the NCA was carried out for 2018.
The report touches upon different areas connected with the state of forest accounts in Kyrgyzstan and ways to improve the NCA in this region:
- Forests and their contribution to the economy
- Forests in the COVID-19 era
- Towards policy driven natural capital accounts: The forest accounts roadmap
The results of this work and the continuous engagement with Government contributed to determine feasibility of future implementation, helping to obtain recommendations for future work in the form of a preliminary roadmap for NCA implementation.