The Economics of Ecosystems & Biodiversity (TEEB)
Initiative I0049
[edit]
| Implementing org | European Commission (EC) (Development organisation) |
Summary
At the meeting of the environment ministers of the G8 countries and the five major newly industrialising countries that took place in Potsdam in March 2007, the German government proposed a study on 'The economic significance of the global loss of biological diversity'. This proposal was endorsed by G8+5 leaders at the Heiligendamm Summit on 6-8 June 2007. With this in mind, the German Federal Ministry for the Environment and the European Commission, with the support of several other partners, have jointly initiated preparatory work for this global study, which is named 'The Economics of Ecosystems & Biodiversity (TEEB)'. The study will evaluate the costs of the loss of biodiversity and the associated decline in ecosystem services worldwide, and compare them with the costs of effective conservation and sustainable use. It is intended that it will sharpen awareness of the value of biodiversity and ecosystem services and facilitate the development of cost-effective policy responses, notably by preparing a 'valuation toolkit'.
Outputs
TEEB is being conducted in two phases. Preliminary findings from the first phase have been presented by Minister Gabriel, Commissioner Dimas and Mr Pavan Sukhdev at the High-Level Segment of the Ninth Conference of the Parties to the Convention on Biological Diversity (CBD COP-9) in Bonn, Germany, in May 2008, in the form of an interim report. The second, more substantial, phase of the study will run into 2009 and 2010. The project is structured around one background report and several reports targeted towards specific groups of potential users of evaluation tools for biodiversity and ecosystem services. These reports will be compiled in a phased approach and published consecutively between autumn 2009 and autumn 2010. The final results will be presented at CBD COP-10 in 2010.
Starts
2007
Ends
2010
Web URL
http://www.teebweb.org
Related records below this one:
- TEEB Newsletter - September 2009 (Document D0321)
- TEEB Newsletter - November 2009 (Document D0322)