WAVES Technical Report July 2017 Valuing Protective Services of Mangroves in the Philippines Technical Report Wealth Accounting and the Valuation of Ecosystem Services i www.wavespartnership.org Team at the Institute of Hydraulics at the University of Cantabria ÍÑIGO J. LOSADA RODRÍGUEZ PELAYO MENÉNDEZ FERNÁNDEZ ANTONIO ESPEJO HERMOSA SAÚL TORRES ORTEGA PEDRO DÍAZ SIMAL FELIPE FERNÁNDEZ PÉREZ SHEILA ABAD HERRERO NICOLÁS RIPOLL CABARGA JAVIER GARCÍA ALBA Team at The Nature Conservancy MICHAEL W. BECK SIDDHARTH NARAYAN DANIA TRESPALACIOS ANGELA QUIROZ This Technical Report was primarily funded by World Bank WAVES program. Additional funding was provided by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), and the Lloyd’s Tercentenary Research Foundation. This Technical Report is accompanied by a Policy Brief for policy makers. Many thanks to Stefanie Sieber, Glenn-Marie Lange, Maya Gabriela Q. Villaluz, Gem Castillo, Rosalyn Sontillanosa, Marnel Ratio and to the attendees of the Valuation training the week of Dec 5, 2016. Suggested Citation: Losada, I.J., M. Beck, P. Menéndez, A. Espejo, S. Torres, P. Díaz-Simal, F. Fernández, S. Abad, N. Ripoll, J. García, S. Narayan, D. Trespalacios. 2017. Valuation of the Coastal Protection Services of Mangroves in the Philippines. World Bank, Washington, DC. Points of contact: Michael W. Beck,
[email protected] Íñigo J. Losada Rodríguez,
[email protected] WAVES - Global Partnership for Wealth Accounting and the Valuation of Ecosystem Services Wealth Accounting and the Valuation of Ecosystem Services (WAVES) is a global partnership led by the World Bank that aims to promote sustainable development by mainstreaming natural capital in development planning and national economic accounting systems, based on the System of Environmental-Economic Accounting (SEEA).