March 10, 2025 - 13:31
A former head of Gabon’s sovereign wealth fund has put forth a compelling argument for the need to accurately measure Africa’s Gross Ecosystem Product (GEP) as a means to assess the continent's natural wealth. This innovative approach seeks to quantify the economic value of ecosystems, emphasizing the importance of biodiversity and natural resources in financial assessments.
The proposal highlights that traditional economic metrics often overlook the intrinsic value of nature, which plays a crucial role in sustaining livelihoods and contributing to economic stability. By adopting GEP, African nations could gain a clearer understanding of their environmental assets, enabling better decision-making in resource management and investment strategies.
Furthermore, this shift in perspective could attract global investors who are increasingly interested in sustainable practices. As the world grapples with climate change and environmental degradation, recognizing the financial significance of ecosystems could position Africa as a leader in sustainable development. This approach not only advocates for the continent's ecological wealth but also aligns with global efforts to promote sustainability in finance.
