“The Economics of Ecosystems and Biodiversity: Mainstreaming the Economics of Nature” seeks to characterize the value of the environment. The document is the seventh and final report from the United Nations Environment Programme on the economic value of ecosystems and biodiversity. The report provides an economic valuation of the natural world that is intended to help policymakers make informed decisions about the environment.
“TEEB [The Economics of Ecosystems and Biodiversity] has documented not only the multi-trillion dollar importance to the global economy of the natural world, but the kinds of policy-shifts and smart market mechanisms that can embed fresh thinking in a world beset by a rising raft of multiple challenges. The good news is that many communities and countries are already seeing the potential of incorporating the value of nature into decision-making,” said Pavan Sukhdev, a banker who heads up the Green Economy Initiative of the United Nations Environment Programme.
Among the report’s recommendations:
- Making the value of nature more visible to policymakers and the public
- Accounting for risk and uncertainty in environmental policy decisions
- Measuring changes in each nation’s “natural capitol stocks,” such as ecosystem services
- Including environmental liabilities and changes in natural assets in the annual reporting of businesses
- Creating economic incentives for environmental protection, such as ‘polluter-pays’
To download the report, visit http://www.teebweb.net.
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