This report is the second volume of the terminal evaluation of the projects ‘the Economics of Ecosystems and Biodiversity’ (TEEB) Phase III and ENRTP-funded sub-
component: ‘National Implementation: Reflecting the Value of Ecosystems and Biodiversity in Policy-making’ implemented between 2014 and 2018. This volume contains material specific to the ENRTP-funded component. The project aims to promote a better understanding of the value of ecosystem services and to offer economic tools that take proper account of this value. It was designed around three interlinked activity areas which build on previous phases of the TEEB initiative, namely: i) advance natural capital accounting by undertaking country assessments and assessments in ‘externalities heavy’ industry sectors; ii) deepen the analysis on specific ‘biomes’ and ‘sectors’; iii) support in-depth examinations to identify ways to ‘work with nature’ to meet country- specific policy priorities, with an initial focus on five pilot countries.