Procedure for Determination of National and Regional Economic Values for Ecotone Goods and Services, and Total Economic Values of Coastal Habitats
During the initial project development phase from 1996 to 1999, a framework Strategic Action
Programme (SAP) was developed that not only formed the basis for the GEF approval of the project
but was also somewhat innovative in including a cost benefit analysis of the benefits of action
compared with non-action (UNEP, 1999). The challenge facing the SCS project in 1999 was that the
only "ecosystem values" readily available were those of Costanza et al. (1997) that were based on
global data and have subsequently been challenged on both economic and scientific grounds. The
Project Steering Committee, composed solely of participating government representatives, in
approving the draft SAP and the SCS GEF Project, insisted not only that the project activities include
the revision of the SAP but also the determination of regionally applicable economic values for
environmental goods and services.
South-China-Sea-Project-Knowledge-Document-Economic-Valuation.pdf
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