- Statement 1 is incorrect. 'The Economics of Ecosystems and Biodiversity (TEEB)' initiative was initiated by Germany and the European Commission in response to a G8+5 proposal and was hosted by the United Nations Environment Programme (UNEP). While IMF and World Economic Forum are important global bodies, they are not the primary hosts of TEEB. - 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.
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.
Asked in UPSC IAS 2016 · Topic: Biodiversity (Values of Biodiversity (Direct, Indirect, Ecosystem Services))
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