Pimachiowin Aki World Heritage Project Area Ecosystem Services Valuation Assessment
Pimachiowin Aki Corp. is a non-profit organization working to establish a World Heritage Site within an area of about 40,000 square kilometers of intact boreal forest on the Ontario-Manitoba border. The non-profit group asked IISD to provide an estimate of the economic value of the services provided by Pimachiowin Aki's natural environments to both residents and non-residents.
While some spiritual and cultural benefits could not be easily valued in economic terms, ecosystem services such as carbon sequestration, tourism, clean air and water resources do indeed have measureable economic value. The measurements are not exact, and, some benefits cannot be measured in dollar amounts, but using a valuation approach, the overall ecosystem service value provided by the Pimachiowin Aki was estimated to be approximately CDN$121.35 to $130.30 million per year.
A summary of the report (PDF - 2.2 mb) is also available.
Participating experts
You might also be interested in
Through Their Eyes
Across Belize, women, young people, and other underrepresented groups are documenting how climate change is affecting their communities and how they are responding. Through mobile photography and storytelling, participants in the Climate Adaptation and Protected Areas (CAPA) Initiative’s storytelling project are sharing their experiences in their own words, offering a personal look at resilience and adaptation in action.
A Guide to Guarantees for Sovereign Debtors
A guide to deploying sovereign guarantees to mobilize capital and support sustainable development while managing fiscal risks.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.
Preserving Tax Sovereignty
As countries negotiate the UN Framework Convention on International Tax Cooperation, this report examines how its provisions can be shaped to prevent tax disputes from being redirected into ISDS, ensuring they are addressed through tax-specific mechanisms.