- The Economics of Ecosystem Restoration (TEER) initiative
The Economics of Ecosystem Restoration (TEER) initiative
The TEER initiative has developed a common protocol to collect standardized data on the costs and benefits of restoration projects across countries and biomes. The ultimate objective of the TEER initiative is to develop a global database that can serve as a reference point for governments, international donors, private investors, project managers, scientists, and other stakeholders. Such a database could be used for the ex-ante estimation of costs and benefits of future restoration projects in all major biomes and across a wide range of contexts worldwide, based on information from comparable projects on which data has been collected through a standardized framework.
The purpose of the event is to present the initiative; to discuss with potential data providers and users how to promote data collection; and to explore the kinds of products that could be generated by this initiative.