PHILIPPINE WEALTH ACCOUNTING AND VALUATION OF ECOSYSTEMS (PHIL - WAVES)

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Executive Summary Policy Brief
Ecosystem Accounts Pilot Ecisystem Account for LdB Basin

Certificate of Non-Overlap 2013 Certificate of Non-Overlap 2013
IP Plan
IP Plan


Phil-WAVESThe Philippines was identified as one of the pilot countries for Wealth Accounting and the Valuation of Ecosystem Services (WAVES) Project mainly due to high government demand for indicators, tools and methodologies that will determine the sustainable use of natural resources. Seven countries namely; Botswana, Colombia, Costa Rica, Guatemala, Madagascar, Indonesia, and Rwanda plus the Philippines are the implementing countries.

In the Philippines, the Laguna Lake Basin and Southern Palawan are the two areas where the pilot study is being conducted. These two areas are considered to be microcosm of the entire country in terms of richness in diversity and presence of various alarming environmental issues. The Phil-WAVES program has main objective of promoting sustainable development through wealth accounting that focuses on the value of the natural capital.

LLDA as the lead agency for the Laguna Lake ecosystem account, welcomed the use of ecosystem accounting to make strategic plans that would integrate land and water management and assess the overall value of the lake and its watersheds. The ecosystem accounts will help LLDA develop effective instruments to manage the lake’s many uses such as agriculture, ecotourism, shoreland reclamation, waste water and fisheries. These competing resource uses pose a risk to the Lake’s ecosystem; and increased rainfall also causes frequent flooding.

TECHNICAL WORKING GROUP

A Technical Working Group (TWG) was created in the LLDA divided into three (3) groups:

  1. Land Accounts
  2. Water Accounts
  3. Fishery Accounts.

Initial efforts were devoted to data gathering. Later on, series of trainings on data processing and analysis, GIS mapping, SedNET modelling among others were conducted to capacitate the TWG members on the development of the accounts.

During the September 17-18, 2014 World Bank mission, the final list of accounts to be developed for Laguna Lake was settled during the workshop sessions with experts and consultants. This includes:

  1. Land account containing land cover and changes;
  2. Ecosystem condition account indicating various water quality indicators, soil types and elevation, changes in bathymetry and sediment loading;
  3. Ecosystem production account indicating the flow of ecosystem services such as fishery production, water supply, flood retention and soil erosion regulation; and
  4. Ecosystem asset account such as water and fish stock.

Data from WAVES will be used in decision-making by taking into account potential interactions with other lake uses to ensure sustainable development and thus guide policy makers to better manage the natural resources as country’s wealth.

More consultations and workshops with stakeholders are needed to make sure that each of the many uses of the lake is addressed successfully and not to cause any conflicts between stakeholders especially on the issue of water tariffs and water production costs. The goal is for everybody to benefit and have equal access to what is called WEALTH.

Data from WAVES will be used in decision-making by taking into account potential interactions with other lake uses to ensure sustainable development and thus guide policy makers to better manage the natural resources as country’s wealth.

More consultations and workshops with stakeholders are needed to make sure that each of the many uses of the lake is addressed successfully and not to cause any conflicts between stakeholders especially on the issue of water tariffs and water production costs. The goal is for everybody to benefit and have equal access to what is called WEALTH.