TEEB - GS questions based on daily current affairs

1)   Which of the following is/are involved in starting The Economics of Ecosystems and Biodiversity (TEEB)?

1) TERI
2) IMF
3) UNEP

a. 1, 2
b. 1, 3
c. 3
d. All of the above
Answer  Explanation 

ANSWER: 3

Explanation:

  • The TEEB study was launched by Germany and the European Commission in response to a proposal by the G8+5 Environment Ministers in Potsdam, Germany in 2007, to develop a global study on the economics of biodiversity loss.
  • The second phase of the TEEB study is hosted by the United Nations Environment Programme (UNEP) with support from a number of organizations, including the European Commission, German Federal Ministry for Environment, Nature Conservation and Nuclear Safety and the UK Department for Environment, Food and Rural Affairs.
  • The TEEB Advisory Board includes experts from the fields of science and economics.
2)   Which of the following is/are true regarding The Economics of Ecosystems and Biodiversity (TEEB)?

1) It is an initiative to draw attention to the global economic benefits of biodiversity.
2) It is a is a study led by Pavan Sukhdev.

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Answer  Explanation 

ANSWER: Both 1 and 2

Explanation:

  • The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on “making nature’s values visible”.
  • Its principal objective is to mainstream the values of biodiversity and ecosystem services into decision-making at all levels.
  • It aims to achieve this goal by following a structured approach to valuation that helps decision-makers recognize the wide range of benefits provided by ecosystems and biodiversity, demonstrate their values in economic terms and, where appropriate, capture those values in decision-making.
  • TEEB is a study led by Pavan Sukhdev.

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