Environment & Ecology2016
With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct?
- It is an initiative hosted by UNEP, IMF and World
- It is a global initiative that focuses on drawing attention
- It presents an approach that can help decision-makers
recognize, demonstrate and capture the value of ecosystems and biodiversity. Select the correct answer using the code given below.
Explanation
The correct option is 2 and 3 only. The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative aimed at highlighting the economic value of biodiversity and ecosystems, thereby encouraging more sustainable decision-making. It emphasizes the need for integrating ecological considerations into economic policies and practices, thereby helping decision-makers recognize and capture the benefits that healthy ecosystems provide, ultimately supporting biodiversity conservation. However, it is not hosted by the IMF or the World Economic Forum; instead, it is a collaborative effort spearheaded by UNEP and known for its role in the global dialogue on valuing nature.