Valuation of natural capital on Curaçao

Valuation of natural capital on Curaçao

The workshop focussed on raising awareness about the mutual interdependency of nature and the economy on Curaçao and how to initiate a socioeconomic valuation study as a tool to mainstream nature management within all social, environmental and economic sectors on Curaçao. During the workshop the research steps for a total economic valuation (TEV) study for Curaçao were developed based on various practical exercises. The workshop contained the following:

  • Training on defining objectives, approaches and scope of economic valuation of ecosystem services based on The Economics of Ecosystems and Biodiversity (TEEB) methodology.
  • Identify and discuss policy issues that should be addressed by an ecosystem services valuation study on Curaçao.
  • Training on the available ecosystem valuation methods and techniques.
  • Discuss experience on the impact of valuation of ecosystem goods and services studies: the actual influence on nature management and investments for conservation.
  • Discuss recommendations to implement and communicate the outcome of the potential study to the relevant decision-makers and actors in the private sector.

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