With reference to an initiative called lsquo The Economics of Ecosystems and Biodiversity TEEB rsquo...........

Environment and Ecology Environment- Institutional Structure

With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, Consider the following statements :

1.It is 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.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

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Explanation:

All three statements about 'The Economics of Ecosystems and Biodiversity (TEEB)' are correct:

TEEB is indeed hosted by UNEP (United Nations Environment Programme), IMF (International Monetary Fund), and the World Economic Forum. These organizations collaborate to promote the economic aspects of biodiversity conservation.

TEEB is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. It highlights how biodiversity and healthy ecosystems contribute to economic well-being.

TEEB presents an approach that helps decision-makers recognize, demonstrate, and capture the value of ecosystems and biodiversity. It provides tools and methodologies to assess and integrate the economic value of nature into policy and decision-making processes.

Hence, all three statements are correct.