SINGAPORE - South-east Asia's nature, from forests and coral reefs to mangroves, provides the region with at least US$2.19 trillion in economic benefits, a new report by Malaysia's highest scientific advisory body has found.
He added at a virtual media briefing streamed from Kuala Lumpur on Wednesday:"Previous valuation studies have been looking at provisioning systems, such as, if we exploit nature or timber, what is the value we will get... we moved away from that narrow view which simple, immediate and profit-centric."
The G-7 is an organisation of the world's seven largest advanced economies, including Canada, Germany, Japan and the United States. It is also the world's largest project to reduce emissions from deforestation and forest degradation. As a carbon offset project, part of the revenue from the sale of carbon credits went to local community development and government infrastructure.
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