Side Event

Global partnership for ecosystem valuation and wealth accounting: learning from other initiatives and country experiences

Organizer
World Bank

Date and Time
25 October 2010 18:15 - 19:45

Meeting
Tenth meeting of the Conference of the Parties to the Convention on Biological Diversity (COP 10)

Biologically diverse ecosystems in countries served by the World Bank provide an array of valuable economic services to people. The benefits of conserving ecosystems frequently outweigh the costs but conversion occurs anyway, because many ecosystem benefits are public goods. Some public goods can be brought to market, while others need other policy interventions to be sustained. In this session a panel of experts will discuss the economic and financial tools available to decision makers in developing countries to incorporate ecosystem services in their national economies. Examples will be brought were this has been done.