The Economics of Ecosystems and Biodiversity (TEEB)

Q.  Which of the following is/are true regarding The Economics of Ecosystems and Biodiversity (TEEB)?

1) It is an initiative to draw attention to the global economic benefits of biodiversity.
2) It is a is a study led by Pavan Sukhdev.
- Published on 14 Nov 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Both 1 and 2
 
  • The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on “making nature’s values visible”.
  • Its principal objective is to mainstream the values of biodiversity and ecosystem services into decision-making at all levels.
  • It aims to achieve this goal by following a structured approach to valuation that helps decision-makers recognize the wide range of benefits provided by ecosystems and biodiversity, demonstrate their values in economic terms and, where appropriate, capture those values in decision-making.
  • TEEB is a study led by Pavan Sukhdev.

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