EEI-Indonesia was launched during its international seminar on February 29, 2016. Entitled ‘Integrating Ecosystem Services into Development Agenda’, the seminar focused on the need to integrate the value of ecosystem services into development decision making.
Being a resource-rich country, Indonesia’s environment not only provides their economy with commodities but also with vital services such as water availability, fishery production, climate regulation, and disaster protection, among many others. However, the values of these environmental services are invisible. The price signals used in decision making by business sectors, governments, local or central as well as consumers often lead to economically damaging disasters. It is therefore urgent that economic decisions that aim to optimally allocate scarce resources (including natural resources) take into account the value of these ecosystem services, which are not reflected in the market. Mainstreaming this corrective approach has never been so urgent and relevant in Indonesia.
The seminar featured a keynote speech from Professor Robert Costanza on the Value of Global Ecosystem, which he is notable for. The event was attended by about 100 participants from various government and research institutions, non-government organizations, and the media.
The program ended with the following institutions signing a Memorandum of Understanding to formalize their partnership with EEI-Indonesia: (1) Universitas Padjadjaran (Center for Economics and Development Studies); (2) Universitas Indonesia (Institute of Economic and Social Research); (3) Universitas Gadjah Mada (P2EB); (4) Universitas Lambung Mangkurat (Faculty of Agriculture); (5) Institut Teknologi Bandung (Metorology Department); (6) Ministry of Agriculture (ICASEPS); (7) International Centre for Research on the Environment and the Economy (ICRE8), Greece; (8) Center for Climate Change and Multilateral Finance, Fiscal Policy Office, Ministry of Finance, Indonesia; (9) Indonesian Marine and Fisheries Socio Economics Research Networking (IMFiSERN); and (10) the Ministry of National Development Planning (BAPPENAS), Indonesia.