In order to secure more ethical and more effective approaches for nature conservation, social and environmental equity needs to be integrated as a key aspect in environmental governance. This involves recognizing and creating transparent and participatory mechanisms that can explicitly include the voices of the diversity of stakes and worldviews about human-nature relations. This necessarily requires that valuation of biodiversity (a shorthand for nature or any biotic system as seen by modern science, or other knowledge systems) is equitable.
It implies: recognition of worldviews, guaranteeing transparent participation of stakeholders, and being mindful of the distribution of benefits and burdens of valuation-based decisions. EQUIVAL provides the seed for a highly ambitious future transdisciplinary (integration of multiple disciplines, multiple stakeholders through effective participatory) project that will seek to develop an Atlas of on-the ground cases in the Global South to understand the impact on nature of equitable valuation and decision-making processes as well as the opportunities and challenges these processes face under varying social-ecological conditions.