Economics of Nature: Mapping Liberia’s Ecosystems to Understand Their Value

The video discusses the collaboration between NASA and Conservation International to develop Liberia's first ecosystem map. It highlights the importance of forests and mangroves on the economy and environment, and NASA's role in providing expertise in remote sensing and land cover mapping. The project aims to map ecosystem dynamics and compile biodiversity information to understand natural capital, which is crucial for economic planning. The map will help Liberia in ecosystem accounting and decision-making, leading to better conservation policies and economic benefits.

What is the primary role of NASA in the partnership with Conservation International?

• To conduct field surveys

• To manage local conservation projects

• To offer expertise in remote sensing and Earth observation

• To provide financial support

Why is the development of an ecosystem map for Liberia significant?

• It is a tourism guide

• It focuses on agricultural expansion

• It is the first of its kind for Liberia

• It helps in urban planning

What is meant by 'natural capital' in the context of the ecosystem map?

• The financial investments in conservation

• The cultural heritage sites

• The stocks of natural resources

• The number of species in an area

How does the ecosystem map benefit national decision-making?

• By providing data for better conservation policies

• By reducing the need for foreign aid

• By increasing tourism revenue

• By promoting industrial development

What was the outcome of the Liberian government's adoption of the ecosystem map?

• It became the basis for the national system of ecosystem accounting

• It was used to develop new agricultural policies

• It led to the creation of new wildlife reserves

• It resulted in increased foreign investment