With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct? 1. It is an initiative hosted by UNEP, IMF and World Economic Forum. 2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. 3. 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 codes given below:

Question

With reference to an initiative called &lsquo;The Economics of Ecosystems and Biodiversity (TEEB)&rsquo;, which of the following statements is/are correct? 1. It is an initiative hosted by UNEP, IMF and World Economic Forum. 2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. 3. 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 codes given below:

CollectorBabu · Accepted Answer

Correct Answer: 2 and 3 only. ● The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on &ldquo;making nature&rsquo;s values visible&rdquo;. 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, suggest how to capture those values in decision-making. ● The TEEB office is hosted by the United Nations Environment Programme (UNEP).

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