Discussion
With reference to an initiative called 'The Economics of Ecosystems and Biodiversity (TEEB)' which of the following statements is/are correct ?
(i) It is an initiative hosted by UNEP/IMF and World Economic Forum.
(ii) It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
(iii) It presents an approach that can help decision makers recognize, demonstrate and capture the value of ecosystem and biodiversity.
Select the correct answer :
Answer: C
Statements (ii) and (iii) are correct, so the answer is (ii) and (iii) only.
The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative that draws attention to the economic benefits of biodiversity and the rising cost of its loss (ii). It offers an approach that helps decision-makers recognise, demonstrate and capture the value of ecosystems and biodiversity in their policies (iii).
Statement (i) is wrong: TEEB was launched by Germany and the European Commission in 2007 and is hosted by the UN Environment Programme, not by the IMF or the World Economic Forum. Every option containing (i) is therefore wrong.
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