FLEG II supports several activities related to the Economics of Ecosystems and Biodiversity (TEEB). The regional analysis of the outcomes of the national-level TEEB scoping studies for the forestry sectors of Armenia, Azerbaijan and Georgia has now been completed by the consultant hired by WWF-Caucasus Programme Office. Stakeholder feedback was received through the public consultation as well as a common meeting in person (held in Tbilisi on 29 April 2015).
Main objectives of the study were to conduct comparative analysis of the outcomes of the national scoping studies, identifying lessons learned as well as best practices. Overall recommendations were also to be elaborated on possible ways of improving forest management in each country. The following are major outcomes of the study:
Roadmaps for implementing full-scale TEEB studies for the forestry sectors of the three countries have also been outlined.
TEEB is a global initiative focused on drawing attention to the economic benefits of biodiversity including the growing cost of biodiversity loss and ecosystem degradation. It presents an approach that can help decision-makers recognize, demonstrate and capture the values of ecosystem services & biodiversity.
The full report document (in English and Russian) is attached.