The Guidance Manual on Valuation and Accounting of Ecosystem Services for Small Island Developing States

United Nations Environment Programme (UNEP)

The global net loss of the coral reef cover will cost the international economy an estimated US$ 11.9 trillion, with SIDS [small island developing states] especially impacted by the loss.

A new manual that will enable policymakers to calculate the true value of ecosystems for a transition to a green economy across the world’s 52 small island developing states (SIDS), was launched on January 26, 2015 by the United Nations Environment Programme (UNEP) at a ceremony celebrating the end of the International Year of SIDS.

The manual highlights the strong interdependency between the natural environment and the economy of SIDS and the importance of accounting for the contribution of ecosystem services to human well-being in order to be able to quantify and manage those benefits… [H/T: Environmental Valuation & Cost-Benefit News]


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