Eton Beach, Efate, Vanuatu (M King)
The Capturing Coral Reef & Related Ecosystem Services (CCRES) project demonstrates how coastal communities in the developing world can sustainably capture the benefits of ecosystem services.
The project seeks to make explicit the value of “blue” natural capital and ecosystem services to coastal communities and other stakeholders in the management of a country’s natural assets for sustainable development.
The project will demonstrate the fundamental relationship between the ecological value of healthy coral reef, seagrass and mangrove ecosystems and the economic value and market potential of their ecosystem services. It will explore how these are tied to healthy, resilient systems; and how routine distribution of economic benefits can bring transformational change in sustaining the wellbeing of coastal communities.
By making the connections to values and benefits explicit, CCRES will demonstrate the fundamental links between — and the need to maintain and conserve — healthy ecosystems and the economic benefits derived from ecosystem services.
The project will forge community-led innovations in capturing and sustaining these benefits by generating model frameworks for business development (or by strengthening the value chains of existing businesses) linked to ecosystem services to better highlight and harvest the values accruing from the ecosystems on which their business success depends.
CCRES will also promote the application and uptake of these model approaches in local planning frameworks.
CCRES builds on the Coral Reef Targeted Research & Capacity Building for Management (CRTR) Program 2005-2010 which was jointly funded by the World Bank, the GEF and UQ.
CCRES will finance ecological and economic valuation studies; develop innovative tools and models to support decision-making and new opportunities for business development; and communicate results to promote uptake. This will be achieved through CCRES’s three integrated components: