economic valuation

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p>Three leading global environmental and conservation organizations are honoring Indonesia’s President H.E. Susilo Bambang Yudhoyono with the first-ever “Valuing Nature Award” for his leadership in recognizing the importance of natural resources and working to conserve them.

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p>Coral reefs provide significant value to the Jamaican economy, including tourism, fisheries and shoreline protection, according to new analysis released today. The study finds that reef-related fisheries contribute $34.3 million (USD) annually to Jamaica’s economy.

Last week at the UN Convention on Biodiversity, the World Bank launched a new program that aims to put a value on a country’s ecosystems in the same way a country measures its national income and product accounts, or GNP and GDP.