Side Event

Valuing the wealth of biodiversity and ecosystems in Southeast Asia: "The ASEAN TEEB Scoping Study"

Organizer
ASEAN Centre for Biodiversity

Date and Time
10 October 2012 18:15 - 19:45

Meeting
Eleventh meeting of the Conference of the Parties to the Convention on Biological Diversity (COP 11)

There is now a growing interest in the economic benefits of biodiversity and ecosystems. Since the launch of the TEEB reports at CBD-COP10 in Nagoya, initiatives to promote the “value of nature” have steadily increased in many areas of the world. The ASEAN Centre for Biodiversity (ACB), the United Nations Environment Programme (UNEP), British Foreign and Commonwealth Office (UK-FCO) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) cooperated to conduct an ASEAN TEEB Scoping Study. The scoping study highlights the abundance of completed research studies focusing on ecosystem services valuation in the Southeast Asia, identifies key ecosystems and ecosystem services. It also presents best practice applications of valuation in case studies. The side event “ASEAN TEEB Scoping Study” will share the results of the scoping study and present results on economic valuations for selected ecosystems (such as mangroves, corals, forests, rivers and coastal ecosystems). The side event will also provide a venue for technical experts, practitioners, policy makers and donor partners to discuss issues related to TEEB. Insights generated from these discussions will feed into the design and implementation of a proposed full ASEAN TEEB Study. The objective of the ASEAN TEEB study is to pursue the mainstreaming process of the economics of ecosystems and biodiversity and assist ASEAN member states to develop green growth economies. The study will generate sufficient evidence and basis for policy makers and technical officers to develop new policies that build on the value of ecosystem services.