UPSC Previous Year Question | Prelims GS | 2016

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.

  1. 1 and 2 only
  2. 3 only
  3. 2 and 3 only
  4. 1, 2 and 3

Answer

Correct Answer

2 and 3 only

Explanation

TEEB is a global initiative focused on the economic value of biodiversity and ecosystems and provides a framework to help decision-makers recognize and capture that value, making statements 2 and 3 correct. It is hosted by UNEP, not jointly by the IMF and World Economic Forum, making statement 1 incorrect.

Topics: biodiversity economics, ecosystem valuation, environment, teeb initiative