On Thursday 20 October at COP10, a two year study by The Economics of Ecosystems and Biodiversity (TEEB) was published.
“TEEB 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 Mr. Sukhdev, a banker who heads up the Green Economy Initiative of the United Nations Environment Programme (UNEP).
For further details see the TEEB website, and their associated project The Bank of Natural Capital.
