The Economics of Ecosystems and Biodiversity (TEEB) study is a major international initiative to draw attention to the global economic benefits of biodiversity and to highlight the growing costs of biodiversity loss and ecosystem degradation. The study aims to make the value of Nature, and all it provides us, visible and in doing so help governments, communities and business better manage their impacts on the environment. TEEB is hosted by the United Nations Environment Programme and funded by the EC, Germany UK, Netherlands, Norway and Sweden.
In 2007, world leaders setup the TEEB Study to find out the economic impact of biodiversity loss. Led by Pavan Sukhdev, 500+ scientists, business leaders, policy makers and citizens the conclusions were astounding: do nothing, and we lose trillions.
Nature should be valued for its intrinsic worth, over and above any economic factors. However, right now, we’re losing nature’s valuable service because we don’t price it them in. The value of nature is often invisible in decisions, our annual reports, and economic indicators (such as GDP). We need to make this value visible!
Policies and practices that help us invest in and bank on Natural Capital can help us safeguard the wealth of future generations.