Q77.
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.
Answer
C
Explanation
The initiative on 'The Economics of Ecosystems and Biodiversity' (TEEB) is funded by the European Commission, Germany, United Kingdom, Norway, the Netherlands and Sweden, and managed by the United Nations Environment Programme as part of its Green Economy Initiative (not hosted by UNEP, IMF and World Economic Forum). Statement 1 is incorrect. It seeks to draw attention to the global economic benefits of biodiversity, to highlight the growing costs of biodiversity loss and ecosystem degradation, and to draw together expertise from the fields of science, economics and policy to enable practical actions. Statements 2 and 3 are correct.