Project Info

Project Code
1415AO
Tranche
T09
Tranche Type
Regular
Status
Closed
Title
Strengthened capacity of small island developing States in the Asia-Pacific region with regard to the valuation of environmental capital and the economic cost of gender inequality

Entities

Implementing Entity (Lead)
ESCAP
Collaborating DA Entities
DESA
UNEP

Financial and Evaluation Info

Total Budget
$638,000.00
Project Selected for Evaluation
No

Countries and Regions

Countries or Areas: Fiji, Kiribati, Maldives, Marshall Islands (the), Micronesia (Federated States of), Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, Vanuatu
Regions: Asia, Oceania
Sub-Regions:
Intermediate Regions:
Countries in Special Situations: Least Developed Countries (LDC), Small Island Developing States (SIDS)

Areas of Work

MDG
1
3
7
8
Thematic Clusters
Macroeconomics and Finance
Gender Equality and the empowerment of women

Brief Description

Asia-Pacific small island developing states (SIDS) have a limited evidence-base for informed and integrated sustainable development policy making. Integrated sustainable development requires valuation of the economic, environmental and social dimensions of development so that the true costs and benefits of macro-economic decision making can be captured. This has been a key principle of sustainable development since the 1992 Earth Summit and remains a high priority in the Outcome of Rio+20 and in Pacific regional preparations for the 3rd Global Conference on Small Islands Developing States. Strengthening the evidence-base and the enabling environment for sustainable development planning and implementation is a key component of effective governance in SIDS. The value of the economic contribution of the environment and social equity underpins the capacity of policy makers (particularly those in Ministries of Finance and Planning) to make balanced policy choices in pursuit of sustainable development. More balanced policy choices will allow enablers to be put in place to move away from the current excessive priority attached to achieving nominal targets (such as a single digit inflation rate, a primary budget surplus or a specific public debt-to GDP ratio). A shift to focus on the quality of growth in its three dimensions-economic, social and environmental-is critical. This project, to be implemented by ESCAP with support from DESA and UNEP and in collaboration with UN Women, focuses on integrating two aspects of sustainable development into macro-economic policy making: economic valuation of the environment and gender inequality. As critical aspects of the social and environmental pillars of sustainable development, valuation of natural capital and gender inequality will illustrate the value of internalizing and balancing environmental and social considerations in decision making for sustainable development. Directly responding to requests by member States in the Rio+20 outcome document for support for balanced integration of the three pillars of sustainable development, the project seeks to build an evidence base for integrated sustainable development by piloting the overall approach, identifying lessons throughout and sharing these at a high-level meeting and knowledge management platform. The target group is national planning and finance entities and the national statistical systems (including focal points in social and environment departments/ministries) in Pacific SIDS (Pacific member States with the inclusion of Timor Leste and the Maldives in regional fora).

Objective and Expected Outcomes

Objective
To develop the capacity of governments in the Asia-Pacific SIDS to integrate economic valuations of environmental capital and gender inequality into sustainable development planning and implementation
Expected Outcome 1
Strengthened capacity of National Statistical Systems (including environment departments) in Pacific SIDS to provide and utilize integrated, policy-relevant environment indicators (System of Environmental Economics and Accounting)
Expected Outcome 2
Strengthened capacity of finance, planning and line ministries of Asia-Pacific SIDS to utilize economic valuation of gender inequality
Expected Outcome 3
Improved integration of economic valuation of the environment and gender inequality for evidence based policy making for integrated sustainable development in Pacific SIDS