ABSTRACT

A nnex 1 Overview of methodologies used in assessing value of ecosystem services 168

Annex 2 Stages of a policy assessment, proposed actions and ways to address biodiversity (UNEP, 2009b) 173

Integrating economic thinking into policy assessment

Valuation is a tool to guide decisions, not a precondition for acting to protect biodiversity. Decision makers across all levels and sectors need to commit to systematic and timely analysis of proposed projects, programmes and policies through impact assessments, strategic environmental assessments and environmental impact assessments. The aim should be to have a fuller evidence base available at the right time to take the whole picture into account.