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 decisionmakers 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 1

(c) (i) The Economics of Ecosystems and Biodiversity (TEEB) is a study led by Pavan Sukhdev. It is an international initiative to draw attention to the global economic benefits of biodiversity. Its objective is to highlight the growing cost of biodiversity loss and ecosystem and to draw together expertise from the fields of science, economics and policy to enable practical actions.
(ii) As per the official page of the organization. 2 and 3 are correct, but there is no mention of their association with UNEP, IMF. Hence 1st statement is wrong. Accordingly answer is “c”