Capturing Coral Reef and Related Ecosystem Services (CCRES)
To introduce innovation in valuing and conserving coral reef ecosystem services through demonstraiton pilots and market incentives in East Asia/Pacific.
Human livelihoods and ecosystem health are closely linked in Asia-Pacific coastal communities, where the ongoing degradation of many tropical ecosystems drives the intensification of poverty, which in turn puts additional pressure on the damaged ecosystems, creating a tightening downward spiral.
Recent advances in the economic valuation of ecosystem services, however, hold enormous promise for local communities to capture benefit streams from resources otherwise taken for granted. Capturing Coral Reef and Related Ecosystem Services (CCRES), seeks to demonstrate an evidence-driven, ecosystem-based approach to managing key coastal ecosystem services, generating novel eco-business models that will allow benefits to be harvested in innovative ways without compromising ecosystem integrity.
By assisting communities in explicitly valuing and marketing the services provided by ecosystems, the program will also overcome one of the key barriers to engaging policy-makers in achieving effective governance, namely that ecological resources are not currently considered in economic terms and thus have ‘no value’.
|Documents & Resources|
|Project type||Full-Sized Project|
|Project Status||IA Approved|
|Start Date||30 Sep 2013|
|End Date||31 Dec 2018|
|Focal Area||International Waters|
|GEF Allocation to project||USD 4,500,000|
|Total Cost of the project:||USD 32,310,000|
, - Regional
International Bank for Reconstruction and Development (WB)