Abstract:

The values assessment is a ‘methodological assessment regarding the diverse conceptualizations of the multiple values of nature and its benefits, including biodiversity and ecosystem services’ as set out in IPBES/6/INF/9. The overall scope of the values assessment is to assess multiple sources and traditions of knowledge regarding diverse values of nature, including the strengths and weaknesses associated with existing valuation methods and approaches to make such values visible. The assessment provides conceptual and practical tools to aid policymakers in the recognition and accounting of nature’s values in different decision-making contexts. The values assessment provides guidelines, criteria, tools and a road map to navigate the ways in which values play out in decisions, as well as the role values and valuation can have in achieving more sustainable pathways. It should be noted that the assessment does not provide quantifications (e.g., in monetary or other indicators) of the diverse values of nature across the globe as its emphasis is on methodologies.