The importance of biodiversity valuation is widely understood in academia and is increasingly used in policy making and other fora. For example, the Convention on Biological Diversity (CBD), through the Conference of the Parties (COP), recognises that "economic valuation of biodiversity and biological resources is an important tool for well-targeted and calibrated economic incentive measures". Further, it encourages the Parties to "take into account economic, social, cultural and ethical valuation in the development of relevant incentive measures" (CBD COP Decision IV/10). Biodiversity valuation should be an integral part of environmental economic policy, providing information to policy makers in their quest to identify priorities and equate trade-offs. As part of its effort to support governments in using valuation methods to assess the value of biological diversity, the OECD commissioned this series of case studies. They cover the state of the art on economic valuation and on the interface between economic and ecological valuation.

In this volume of the TEEB (The Economics of Ecosystems and Biodiversity) publication series, the key concepts of the project are applied to local and regional policy and public management. The aim is to show that by taking nature's benefits into account, decision makers can promote local development to ensure human well-being and economic growth and stability, while maintaining environmental sustainability. The book explores the potential for local development provided by an approach based on nature. It offers examples of successful implementation of this approach from across the world, highlighting the importance of local decision making in management and planning. It provides tools and practical guidance for reform, and throughout the volume the economic benefits of environmental consideration at a local level are expounded. This book is intended to offer inspiration and practical suggestions for the improvement and sustainable management of the environment and human well-being. The local aspect of this book complements the focus of the previous three volumes, completing the set to provide a comprehensive approach to simultaneously improving and maintaining economic and environmental stability, as well as human well-being.

Resource-management decisions, especially in the area of protecting and maintaining biodiversity, are usually incremental, limited in time by the ability to forecast conditions and human needs, and the result of tradeoffs between conservation and other management goals. The individual decisions may not have a major effect but can have a cumulative major effect. Perspectives on Biodiversity reviews current understanding of the value of biodiversity and the methods that are useful in assessing that value in particular circumstances. It recommends and details a list of components-including diversity of species, genetic variability within and among species, distribution of species across the ecosystem, the aesthetic satisfaction derived from diversity, and the duty to preserve and protect biodiversity. The book also recommends that more information about the role of biodiversity in sustaining natural resources be gathered and summarized in ways useful to managers. Acknowledging that decisions about biodiversity are necessarily qualitative and change over time because of the nonmarket nature of so many of the values, the committee recommends periodic reviews of management decisions.

Images of nature abound in the practice of international environmental law but their significance in law is unclear. Drawing on visual jurisprudence, and interpretative methods for visual art, this book analyses photographs for their representations of nature's aesthetic value in treaty processes that concern world heritage, whales and biodiversity. It argues that visual images should be embraced in the prosaic practice of international law, particularly for treaties that demand judgements of nature's aesthetic value. This environmental value is in practice conflated with natural beauty, ethical and cultural values, and displaced by economic and scientific values. Interpretations of visual images can serve instead to critique and conceive sensory, imaginative and emotional appreciations of nature from different cultural perspectives as proposed by philosophers of environmental aesthetics. Addressing questions of value and the visual, this landmark book shows how images can be engaged by nations to better protect the environment under international law.

The Nagoya-Kuala Lumpur Supplementary Protocol on Liability and Redress to the Cartagena Protocol on Biosafety, adopted on 15 October 2010 in Nagoya, Japan, provides an international liability regime for biodiversity damage caused by living modified organisms (LMOs). Its adoption marks a significant development in the legal design for international environmental liability regimes, as it incorporates for the first time in global treaties an administrative approach to liability. This book examines the Supplementary Protocol from both practitioner and academic perspectives. In its three parts the book explores the historical development, legal significances, and future implementation of the core provisions of the Supplementary Protocol, focusing specifically on its incorporation of an administrative approach to liability for biodiversity damage and its relation to civil liability. Contributors to the volume include Co-Chairs of the negotiating group and the negotiators and advisors from some of the key negotiating Parties, offering valuable insights into the difficult-to-read provisions of the Supplementary Protocol. The book demonstrates the significant changes in the political configuration of environmental treaty negotiations which have come about in the twenty-first century, and argues that the liability approach of the Supplementary Protocol has important implications for future development of international liability regimes under international environmental law.