Project: Integrating valuations, markets and policies for biodiversity and ecosystem services
While the use of “market-based instruments” (MBIs) for the management of biodiversity and ecosystem services (B&ES) is currently booming, the definition and underpinning theory of these tools are matters yet to be settled. Among MBIs, Payments for Ecosystem Services and biodiversity offsetting are increasingly regarded as promising tools, but evidence regarding their performance is still far from being conclusive. More research is required to understand which policy and legal frameworks are supportive of their development. Furthermore, public policies have an essential role to play in ensuring that the main types of ecosystem values are identified and taken into account. To this end, economic valuations may be helpful for allocating public spending, and for setting guidelines and regulation in offset-schemes, just to name a few examples. In this context, the overall goal of INVALUABLE is to clarify the potential of MBIs to better integrate B&ES into society, based on appropriate institutional arrangements for relevant public policies and an improved utilisation of economic valuation approaches.
| Acronym | INVALUABLE |
| Duration | 01/01/2012 - 31/12/2014 |
| Website | visit project website |
| Network | BiodivERsA2 |
| Call | BiodivERsA Call for proposals on biodiversity and ecosystem services and their valuation |