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Environment and Ecology
2016
Biodiversity
Ecology & Ecosystems
International Conservation Efforts

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
  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 code given below.

B.3 only
D.1, 2 and 3
A.1 and 2 only
C.2 and 3 only

Correct Answer: Option C

The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on highlighting the economic benefits of biodiversity and ecosystems.

Statement 1 is incorrect. While TEEB is associated with the UNEP (United Nations Environment Programme), it was initiated by the G8+5 environment ministers in 2007, not the IMF and World Economic Forum.

Statement 2 is correct. TEEB emphasizes the economic value of ecosystems and biodiversity.

Statement 3 is correct. TEEB provides a framework for decision-makers to recognize, demonstrate, and capture the value of ecosystems and biodiversity in their policies and actions.

Hence, only statements 2 and 3 are correct.

Sources:

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