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.
1 and 2 only
3 only
2 and 3 only
1, 2 and 3
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2016
– Statement 2 is correct. TEEB is indeed a global initiative focused on drawing attention to the economic benefits of biodiversity and the costs of biodiversity loss and ecosystem degradation.
– Statement 3 is correct. TEEB provides a structured approach to help decision-makers at various levels recognize, demonstrate, and capture the value of ecosystems and biodiversity in policy and business decisions.