The Project for Ecosystem Services (ProEcoServ) was a global, four-year initiative that sought to understand how to integrate ecosystem assessment, scenario development and economic valuation of ecosystem services into national sustainable development planning, and decision-making. The project was launched in 2010 by the United Nations Environment Programme (UNEP) with funding from the Global Environment Facility (GEF). It was rolled out in four countries –Trinidad and Tobago, Chile, Vietnam and South Africa and Lesotho. In T&T, the project involved three main sites: Nariva Swamp, Buccoo Reef, and the eastern Northern Range. In each site, scientists investigated a different mix of ecosystem services, including pollination (between 2010 and 2012, the average value of pollination to just one crop, hot peppers, produced nationally by farmers was over TT$54 million), and a combination of selected services in the Northern Range (such as climate regulation, flood prevention, water purification) are estimated to be worth a $497 US million to the residents of Trinidad and Tobago in 2010, around 2.4 % of current GDP.
Natural Resource Governance
Natural Capital, Data for Development, Sustainability Financing