The economics of ecosystem restoration (TEER) initiative
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The lack of consistent information on costs and benefits of ecosystem restoration hinders further investments, weakening our collective capacity to achieve the global restoration goals. To fill this gap the Food and Agriculture Organization of the United Nations (FAO) initiated The Economics of Ecosystem Restoration (TEER) initiative, together with the CGIAR Research program on Forests, Trees and Agroforestry (FTA) led by CIFOR, the World Resource Institute (WRI), and other member organizations of the Global Partnership on Forest and Landscape Restoration (GPFLR).
The initiative has developed a common protocol to collect standardized data on costs and benefits of land-based restoration projects across countries and biomes. The ultimate objective of the TEER initiative is to constitute a global database that could serve as a reference point for governments, international donors, private investors, project managers, scientists and other stakeholders, for the ex-ante estimation of costs and benefits of future restoration projects in all major biomes and across a wide range of contexts worldwide, based on information from comparable projects on which data has been collected through a standardized framework. Such a reference database could offer decision-makers and restoration practitioners a wide range of restoration options and help them better understand their costs and expected benefits in different contexts, thus helping them prioritize their restoration investments in a world of constrained resources.
Keywords: knowledge management; landscape management; monitoring and data collection.
ID: 3484608