The Philippines' biodiversity and ecosystems make significant contributions to nation building and human well being, with forests, coastal and marine areas, caves, agricultural landscapes, and urban ecosystems generating substantial economic and social benefits.
Based on updated valuation studies conducted under the Biodiversity Finance Initiative (BIOFIN) in 2021, the study presents estimates of the economic value of ecosystem services and demonstrates the benefits generated by natural capital. It also highlights the environmental and economic costs associated with biodiversity loss and unsustainable resource use.
It further underscores the importance of natural capital accounting and ecosystem valuation in informing public policy, budgeting, and investment decisions.
