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PHILIPPINE BIDDING DOCUMENTS (As Harmonized with Development Partners)Government of the Republic of the Philippines Department of Agriculture Bureau of Fisheries and Aquatic Resources (DAB FAR)Bid
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How to fill out economic values of ecological

01
Identify the various ecological components and services provided by the ecosystem.
02
Assign a monetary value to each of these ecological components and services based on their contributions to human well-being and the economy.
03
Use valuation methods such as market pricing, cost-based methods, and benefit transfer to estimate the economic values of these ecological components and services.
04
Consider the trade-offs and uncertainties involved in assigning economic values to ecological components and services.
05
Document the process and results of filling out the economic values of ecological components and services for transparency and accountability.

Who needs economic values of ecological?

01
Policy makers who are involved in making decisions about land use, resource management, and conservation.
02
Businesses that rely on natural resources and ecosystem services for their operations and supply chains.
03
Researchers and academics studying the interactions between ecosystems and economies.
04
Environmental advocates and non-profit organizations advocating for the protection and conservation of ecosystems.
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The economic values of ecological refer to the monetary worth associated with ecological resources and services provided by the environment.
Government agencies, environmental organizations, and businesses involved in activities that impact the environment are required to file economic values of ecological.
To fill out economic values of ecological, one must conduct a valuation study to assess the monetary value of ecosystem services provided by the environment.
The purpose of economic values of ecological is to highlight the importance of ecological resources and services in decision-making processes and policy evaluation.
Information such as the valuation methods used, the monetary value assigned to ecosystem services, and the ecological impact of economic activities must be reported on economic values of ecological.
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