Economics of Ecosystems and Biodiversity
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 decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.
Options
1 and 2 only
3 only
2 and 3 only
1, 2 and 3
Explanation
Statement 1 is incorrect because TEEB is hosted by UNEP (United Nations Environment Programme) and the World Economic Forum, but not the IMF. The initiative focuses on demonstrating the economic value of biodiversity and ecosystem services. Statements 2 and 3 are both correct as TEEB is indeed a global initiative drawing attention to economic benefits of biodiversity and provides a framework for decision-makers to recognize and capture the value of ecosystems. The correct answer is 2 and 3 only.
Question details
Year
2016
Paper
GS Paper 1
Question
Q52
Subject
Environment
Sub-topic
Biodiversity Economics
Type
Statement-based
Difficulty
Medium
Nature
Static
Source hint
UNEP Environmental Programs
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