A standard framework for assessing the costs and benefits of restoration: introducing The Economics of Ecosystem Restoration (TEER)

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cg.authorship.typesCGIAR and advanced research instituteen
cg.contributor.affiliationCenter for International Forestry Researchen
cg.contributor.affiliationWorld Resources Instituteen
cg.contributor.affiliationUniversity of Victoriaen
cg.contributor.crpForests, Trees and Agroforestry
cg.identifier.doihttps://doi.org/10.1111/rec.13515en
cg.isijournalISI Journalen
cg.issn1526-100Xen
cg.issue3en
cg.journalRestoration Ecologyen
cg.reviewStatusPeer Reviewen
cg.subject.ciforFOREST GOVERNANCEen
cg.volume30en
dc.contributor.authorBodin, B.en
dc.contributor.authorGaravaglia, V.en
dc.contributor.authorPingault, N.en
dc.contributor.authorDing, H.en
dc.contributor.authorWilson, S.en
dc.contributor.authorMeybeck, A.en
dc.contributor.authorGitz, V.en
dc.contributor.authorD'Andrea, S.en
dc.contributor.authorBesacier, C.en
dc.date.accessioned2021-10-14T11:04:42Zen
dc.date.available2021-10-14T11:04:42Zen
dc.identifier.urihttps://hdl.handle.net/10568/115413
dc.titleA standard framework for assessing the costs and benefits of restoration: introducing The Economics of Ecosystem Restoration (TEER)en
dcterms.abstractWhile the policy momentum behind ecosystem restoration has never been stronger, restoration finance remains insufficient. A crucial information gap to unlock finance is the lack of robust and consistent data on the costs and benefits of restoration. This is due in part to the wide variety of contexts, interventions and objectives of restoration projects, and to the absence of well-defined standards and protocols for cost and benefit data collection. To fill this gap, we developed a standard framework to assess the costs and benefits of restoration projects and specific restoration interventions. The associated template for data collection, which was tested for usability during a piloting phase, is the first output of The Economics of Ecosystem Restoration (TEER), a multi-partner initiative under the aegis of the UN Decade on Ecosystem Restoration. It is the first attempt ever to improve the robustness and comparability of data on the economics of ecosystem restoration collected from the field at a global scale. Widespread adoption of this framework and associated template by a wide range of organizations implementing or financing restoration would allow for standardised data to be fed into a jointly owned database of restoration costs and benefits and serve as a basis for the further investigation of the economics of ecosystem restoration, including cost-benefits analysis. Better information on costs and benefits will help to inform acurate budgeting access to finance for restoration projects, and make them more likely to achieve their set goals and desired quantitative outcomes (e.g. area restored).en
dcterms.accessRightsLimited Access
dcterms.available2021-10-28
dcterms.bibliographicCitationBodin, B., Garavaglia, V., Pingault, N., Ding, H., Wilson, S., Meybeck, A., Gitz, V., d'Andrea, S. and Besacier, C., 2021. A standard framework for assessing the costs and benefits of restoration: introducing The Economics of Ecosystem Restoration (TEER). Restoration Ecology, e13515. https://doi.org/10.1111/rec.13515en
dcterms.extente13515en
dcterms.issued2022-03
dcterms.languageen
dcterms.licenseCopyrighted; all rights reserved
dcterms.publisherWileyen
dcterms.subjectecological restorationen
dcterms.subjectecosystem servicesen
dcterms.subjectecologyen
dcterms.typeJournal Article

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