Economic valuation of marine and coastal ecosystem services is increasingly being considered to be of critical importance for informed decision-making and effective management of marine and coastal resources.
However, the translation of scientific theory to policy in practice can be challenging.
This report provides an overview of the main methods of economic valuation, their strengths and weaknesses, and practical applications. Theoretical concepts are illustrated with a number of practical examples throughout this report, to demonstrate how these approaches can be of practical use across all scales, in policy development, decision making and communication. Practical guidance on how to implement a valuation exercise, and how to overcome common challenges, is also provided.
UNEP-WCMC has been working closely with partners including the CBD Secretariat to implement COP Decision IX/20, to develop an online interactive map and associated tools to support decision making for the conservation and sustainable use of biodiversity in the open ocean and deep seas. Building upon this decision, and incorporating related needs in the Island Biodiversity and Protected Areas Programme of Work, UNEP-WCMC has initiated a collaborative Global Marine Data Partnership, whose aim is to:
These activities directly respond to SBSTTA recommendation XIV/3, which will be considered by COP10, through, inter alia, enabling improved assessment activities, supporting the identification of ecologically or biologically significant marine areas (EBSAs), and promoting better understanding of specific and cumulative human impacts, including those of invasive alien speciesResource Type: Tools / Applications
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