This TEEB for Water and Wetlands report underlines the fundamental importance of wetlands in the water cycle and in addressing water objectives as noted in the Millennium Development Goals and forthcoming Sustainable Development Goals stemming from the Rio+20 agreement. The report presents insights on both critical water-related ecosystem services and also on the wider ecosystem services from wetlands in order to encourage additional policy momentum, business commitment, and investment in the conservation, restoration, and wise use of wetlands. The report seeks to present how recognizing, demonstrating, and capturing the values of ecosystem services related to water and wetlands can lead to better informed, more efficient, and fairer decision making. Appreciating the values of wetlands to both society and the economy can help inform and facilitate political commitment to policy solutions.