The African Development Bank (ADB), the Green Growth Knowledge Partnership, and the World Wide Fund for Nature (WWF), organized a dialogue to revalidate Mozambique's commitment to integrate its natural capital to stimulate the transition to a green economy.

The national dialogue entitled "Africa Green Economy Conference: Innovative Pathways to a Positive Future for Nature from Politics, Business and Finance" took place on June 29 under the initiative of Natural Capital for African Development Finance and the Economy for Nature program.

The dialogue brought together government representatives from key sectors, development partners, and civil society to discuss ways to put "Nature" at the center of economic development.

In remarks during the opening plenary session, Fernando Bemane de Sousa, Deputy Minister of Land and Environment, called for increased public and private investment to strengthen the technical and financial capacity of national institutions and to promote the inclusion of natural capital accounting in national accounting systems for better transparency, planning and data production.

In Mozambique, the natural capital assessment focuses on the Pemba-Lichinga Integrated Development Corridor, which the government has targeted to develop a special agro-industrial processing zone, with support from the ADB.

"The challenges facing humanity today require concerted and integrated efforts to find responsible and sustainable solutions that benefit people and the planet without sacrificing the legitimate development aspirations of countries like Mozambique," said ADB's representative in Mozambique, Cesar Mba Abogo.

Mozambique, alongside Tanzania, was selected as a pilot country, to apply a natural capital approach to investment processes.