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 Economic Forum.
- It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
- 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
Detailed Explanation:
Answer: Option 3 — 2 and 3 only
❌ Statement 1 – Incorrect: TEEB was launched in 2007 by Germany and the European Commission following a proposal by the G8+5 Environment Ministers. The TEEB office is hosted by the United Nations Environment Programme (UNEP) only, not by the IMF or the World Economic Forum.
✅ Statement 2 – Correct: TEEB is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. It highlights the growing cost of biodiversity loss and ecosystem degradation by bringing together expertise from science, economics, and policy.
✅ Statement 3 – Correct: TEEB presents a tiered approach that helps decision-makers recognize, demonstrate, and capture the value of ecosystems and biodiversity. This approach facilitates the integration of ecosystem values into policy-making and economic accounting.
Question 5 of 13 Biodiversity Conservation
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