WAVES Video (6:20)
CONSTRUCTING AND ECOSYSTEM ACCOUNT IN FIVE (5) STEPS
Ecosystems are dynamic systems where plants and animals interact with each other as well as their environment. Benefits derived from ecosystems are called "ecosystem services" and include food, water, natural protection from floods, among other things.
Ecosystem services are not always obvious and are hard to quantify but are crucial to human survival and economic growth.
Ecosystem accounting is a tool countries can use to manage its scarce resources more efficiently to support long-term growth, diversification and poverty reduction.
Learn more about how to construct an ecosystem account by watching this video which highlights how the Philippines is leading the way in the Laguna Lake Basin and Southern Palawan.
Natural Capital Accounting: Balancing Ecological Protection and Economic Growth