Question
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 code given below.
(a) 1 and 2 only
(b) 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Answer:
C
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Explanation:
The TEEB study was launched by Germany and the European Commission in response to a proposal by the G8+5 Environment Ministers. It is not directly hosted by UNEP, IMF, or the World Economic Forum.
TEEB aims to highlight the economic value of ecosystems and biodiversity, emphasizing the benefits they provide to human well-being and sustainable development.
TEEB provides frameworks, methodologies, and tools to assist decision-makers in understanding and integrating the value of ecosystems and biodiversity into policy-making processes.