Research webinar 4: Market standards and ecosystem services

Research webinar 4: Market standards and ecosystem services

This webinar highlights results of a number of desk-studies on the potential costs and benefits of certified production of resources like soya, palm oil, cacao and tropical wood. Producing resources according to international market standards holds the promise of delivering several benefits to society, and part of these benefits may be provided by natural capital. The aim of the constructed cost-benefit analyses was to not only take financial aspects for the producer into account, but also the societal costs and benefits of making better use of ecosystems in the production landscape that deliver so-called ecosystem services to society. The modelled results show that there are several potential benefits of ecosystem services for different stakeholders, and at different spatial levels. However, the financial returns for producers are often modest or even absent. So there is a need for complementary governance options for better capturing the values of ecosystem services. Standard systems can aim at better protecting valuable ecosystem services by more explicitly addressing ecosystem services in their criteria, and setting up monitoring systems for measuring their impacts on ecosystem services and their societal values.