In October 2012, five countries Bhutan, Ecuador, Liberia, Philippines and Tanzania, expressed interest to undertake TEEB country studies under the umbrella project Reflecting the Value of Ecosystems and Biodiversity in Policy-making. This pilot project is financially supported by the European Commission and will be implemented over a period of three years until 2015.
The scoping mission to Liberia is the first step in the implementation of the project and aims to:
- Identify stakeholders
- Explain the aims of the project and solicit policy priorities
- Identify an institution to undertake technical components of the study: and
- Discuss tentative project deliverables and timelines with the Government of Liberia.
A TEEB country study is an in-depth examination to identify ways to work with nature to meet specific policy priorities and thematic concerns of the country. Within a TEEB country study, the ecosystem services that are vital to meeting a country’s policy priorities are identified and examined in detail, and recommendations are made so that these services can be internalized into policies. A guidance manual was developed in May 2013 as a resource for countries interested in undertaking a TEEB country study.
A TEEB country study helps to answer the following questions:
- What is the natural capital in your country and what is driving change?
- Do we measure and understand our natural capital?
- To what extent are the values of nature integrated in decision-making?
- What are the issues that need policy attention?
- What are the policy tools and decision options that offer solutions?