Valuation and implementation of ecosystems services (VAIES)

The implementation of the project will contribute to the achievement of Objective 2 of the EU Biodiversity Strategy 2020, European ecosystems and their services must be maintained and restored. In accordance with its fair share of the contribution to this goal of the Strategy, Bulgaria has mapped and assessed the state of ecosystems and their services outside the Natura 2000 network under a predefined project № 2 Methodological assistance for ecosystem assessment and biophysical assessment (MetEcoSMAP) under Program BG03 of EEA FM 2009-2014 and projects under Program BG03.02 Evaluation and mapping of ecosystem services. As a result of two field seasons in 2015 and 2016, a reference framework was created for 9 types of ecosystems with an assessment of their status and services. The information and data collected in Bulgaria from BG03.PDP2 and the projects under BG03.02, the awareness and experience of stakeholders used are a strong prerequisite for continuing the next step - assessing the economic value of ecosystem services and promoting the integration of these values ​​into accounting and reporting systems. The 2020 Biodiversity Strategy, published in 2020, calls for biodiversity considerations to be better integrated into society and business decision-making at all levels, including through life-cycle approaches and natural capital accountability. will include measuring the environmental footprint of products and organizations on the environment ”(COM (2020) 380 final - p.3.3.3). All these considerations are integrated into the proposed activities under redefined project 1, with the ultimate goal of obtaining a workable methodology for valuing ecosystem services and integrating them into accounting, which will contribute to the restoration and sustainable use of ecosystem resources.

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Overview

Status In execution (starting date)
Start date 28 Aug, 2022
End date 30 Apr, 2024
Contract date 23 Aug, 2022
View in UMIS

Financial information

Total cost 3,483,447.39
Grant 3,483,447.39
Self finance 0.00
Total paid 0.00
EU participation percent 85.0%

Location

Bulgaria