This report will build upon the previous scoping study (Ecosystems Based Adaptation: Knowledge Gaps in Making an Economic Case for Investing in Nature Based Solutions for Climate Change (Rizvi et al., 2015)) and will assess the importance of nature based solutions to address climate risks and identify knowledge gaps in economic data from the field in the Philippines. The purpose of this study is to "increase understanding of the economic effectiveness of ecosystems based approaches and provide additional important information that would assist decision making at the local, national and global levels."