gs1medium

With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB), which of the following statements is/are correct?

  1. 1.It is an initiative hosted by UNEP, IMF and World Economic Forum.
  2. 2.It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
  3. 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. A.1 and 2 only
  2. B.3 only
  3. C.2 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: C. 2 and 3 only

The TEEB initiative is a global partnership focused on the economic importance of biodiversity and ecosystem services. It aims to guide decision-makers in understanding and valuing these natural assets, thereby promoting their conservation and sustainable use. While it works with various international bodies, its hosting is not limited to UNEP, IMF, and the World Economic Forum, making the first statement incorrect.

Source: UPSC gs1 2016

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