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"You can not manage what you do not measure."
- Pavan Sukhdev |
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| AMBITIONS FOR PHASE II |
Phase II of TEEB sets out to conclude our scoping and exploratory work during Phase I and achieve four important objectives. These are to:
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Firm up and publish a “science and economics framework" which can help frame valuation exercises for most of Earth’s ecosystems, including in its scope all material values across the most significant biomes.
- Further evaluate and publish “recommended valuation methodology", including biomes (e.g. oceans) and some values (e.g. option values and bequest values) which have not been investigated in depth in Phase I.
- Engage all key “end-users" of our valuation work, early and comprehensively, to ensure that our output is as focused as possible on their needs, and “userfriendly" in terms of its organization, accessibility, practicability and, overall, its usefulness.
- Further evaluate and publish a policy toolkit for policy makers and administrators which supports policy reform and environmental impact assessment with the help of sound economics, in order to foster sustainable development and better conservation of ecosystems and biodiversity.
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