Aijesha

The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct?

It is an initiative hosted by UNEP, IMF and World Economic Forum.It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.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.

(a) 1 and 2 only

(b) 3 only

(c) 2 and 3 only

(d) 1, 2 and 3

Solution: C

Justification: Statement 1: The founding of TEER is actually a bit elaborate. It started from the G8+5 environment ministers since 2007. You can read more about it in the source given below.

The TEEB office is hosted by the United Nations Environment Programme (UNEP).

Statement 2 and 3: Lifted nearly verbatim from the source below.