Our ecosystems provide water and food for billions of people while also protecting them from natural hazards and the worst impacts of climate change. Yet despite a growing number of assessments showing that ecosystem services are worth billions of dollars to national economies, most governments and businesses are still not including ecosystem valuations in policy decisions.
A better understanding of our economic reliance on ecosystems can prompt behaviour change. Failure to recognize and account for the value of these goods and services in government and private sector decision-making has led to the unsustainable exploitation of ecosystems, triggering severe long-term social and economic costs which are increasingly reflected in insurance premiums, food prices, health incidents and even civil unrest.
What does UN Environment Programme(UNEP) do to include the value of ecosystems in decision-making?
- promotes awareness of our dependence on ecosystems and their economic impact;
- develops and promotes knowledge products and tools on how to value and account for ecosystem goods and services; and,
- works with countries to build expertise on how to value and include natural capital in national statistics and as key criteria in policy-making.
UNEP participates in and leads partnerships to promote the science-policy interface through global initiatives and platforms, including:
- The Economics of Land Degradation (ELD) Initiative.
- The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).
- The Economics of Ecosystems and Biodiversity (TEEB), a global initiative focused on “making nature's values visible”.
- The Inclusive Wealth Index The inclusive wealth index measures the wealth of nations in terms of progress, well-being and long-term sustainability.
- Wealth Accounting and the Valuation of Ecosystem Services (WAVES), a global partnership that aims to mainstream natural resources in development planning and national economic accounts.
- Sub-Global Assessment Network (SGA), a community of practice creating a common platform for practitioners (individuals and organizations) involved in ecosystem assessment at regional, sub-regional, national and sub-national levels.