Luke recently completed a study on the Economics of Ecosystems and Biodiversity for the forestry sector of Adjara Autonomous Republic, Georgia. The study was commissioned by the WWF-Caucasus Programme Office. It assesses the economic value of forest ecosystem services under alternative scenarios for future forest management, focusing on ecosystem services that are of high importance and potentially threatened, and prepares relevant policy recommendations. Adjara is located in southwestern Georgia on the coast of the Black Sea. It is predominantly mountainous and has the highest density of forest cover of any region in Georgia, covering 66 percent of the territory. Adjaran forests provide a range of ecosystem services including timber, fuel wood, non-timber forest products (NTFPs), tourism and recreation, hunting and fishing, regulation of natural hazards such as flooding and landslides, and global climate regulation through storage of carbon. Following stakeholder discussions, the study focused on the valuation of fuel wood, NTFPs, carbon storage and landslide regulation.
The final report can be accessed here:http://img.teebweb.org/wp-content/uploads/2017/03/TEEB-Adjara-Final-Report.pdf