GyanGramWith reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the fo…
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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.
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• Correct Answer: C
• TEEB focuses on economic benefits of biodiversity and helps decision-makers recognize and capture ecosystem value.
• Hosted by UNEP, not IMF or WEF; initiated by Germany and European Commission in 2007.
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