The G-ECO-MON – Geographic Ecosystem Monitoring and Assessment Service project aims to extend the use of EO based information for multiple applications. These could include impact assessments, supply chain management, ecosystem management, payment for ecosystem services, natural wealth accounting, emergency management or public policy. This will be achieved through an assessment of the market for EO applications carried out by an international project consortium combining world-class expertise in EO services customised for land, coastal and marine ecosystems together with in-depth knowledge on the needs of corporate, investor, NGO and governmental users. Users and stakeholders are a representative group of interested individuals and organisations, including developers of ecosystem service standards and the verification community, financial institutions or funds with an interest in this emerging approach, corporate investors and market makers, as well as the environmental research community, NGOs and trade associations involved in this evolving market.
In the first phase of the project an intensive user engagement takes place where a review of the needs and potential applications of EO products, through individual interviews and two workshops, is conducted. The second phase of the project will demonstrate through case studies, spanning the range of ecosystem services, how stakeholders can receive customised, best-practice EO services that meet their operational needs and conditions; these services will be assessed in terms of their impact, benefits and utility. The project will also support the integration of EO based information in standardised models and evaluation protocols for ecosystem service assessment.