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… for investment through valuation of watershed services The economic valuation of watershed services can be used to raise … the objectives should be clearly stated and the potential economic, social, health and environmental impacts should be … Payment schemes for watershed services demand careful assessment of how useful and accept- able they are to …

… 33 List of Figures Figure 1: The Millennium Assessment Conceptual Framework … to its capacity to provide a unifying language between the economic, business and environmental communities; as … This offers a strategic opportunity to further engage economic policy makers and the private sector in conservation …

… 287 vi vii Foreword The Millennium Ecosystem Assessment has shown that despite their importance to human … strategy of command and control, and the use of economic or market-based instruments. The traditional … the co-funding provided by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the UNDP GEF …

… of the term. For instance, the 2005 Millennium Ecosystem Assessment (MA) adopts the CBD definition, further specifying … a need to understand and manage the ecosystem in an economic context. Any such ecosystem- management program … resources demands a holistic approach, linking social and economic development with protection of natural ecosystems. …