Valuation of Ecosystem Services in World Bank Group Work
In 2005, the Millennium Ecosystem Assessment (MA, 2005) provided the first comprehensive report on global ecosystems, the dependence of human societies on the services provided, current state, and likely future trajectory. The MA identified the fai...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/191441468335952475/Valuation-of-ecosystem-services-in-World-Bank-Group-work http://hdl.handle.net/10986/27442 |
| Summary: | In 2005, the Millennium Ecosystem
Assessment (MA, 2005) provided the first comprehensive
report on global ecosystems, the dependence of human
societies on the services provided, current state, and
likely future trajectory. The MA identified the failure to
value ecosystem services as a major contributing cause. The
2001 environment strategy did not explicitly address
environmental valuation, although the focus on poverty and
environment implies a need for valuing natural resources and
environmental services. In consultations on the 2010
environment strategy, a wide range of stakeholders stressed
the importance of mainstreaming environmental services. To
better direct limited resources for environmental valuation
and training, a closer look is needed to identify the
conditions under which valuation has had an impact on:
policy and project design, policy dialogue in client
countries, environmental investments, and strengthening the
capacity of national institutions. This report presents a
review of environmental valuation in World Bank operational
and analytical work, identifying what has been done, and the
impacts environmental valuation has had. The report
identifies the conditions under which valuation is most
likely to influence decision-makers, and finally, the
implications for the 2010 environment strategy. The report
is organized as follows: section one gives context; section
two gives introduction; section three gives approach to
learning from past experience; section four focuses on
coverage of ecosystem services; section five presents
prioritizing environmental valuation; section six deals with
why environmental valuation not done; and section seven
gives recommendations. |
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