Recommend appropriate valuation methodologies for different contexts Examine the economic costs of biodiversity decline and the costs and benefits of actions to reduce these losses Develop guidance for policy makers at international, regional and local levels in order to foster sustainable development and better conservation of ecosystems and biodiversity.
Rebecca helps to get the message out about FFI's strategic corporate partnerships and what they have helped to achieve for global biodiversity. The report is available at http: The findings, compiled by a study of The Economics of Ecosystems and Biodiversity TEEBindicate that those corporate chiefs who fail to make sustainable management of biodiversity part of their business plans may find themselves increasingly out of step with the market place.
This basically means making profits for those prepared to develop and trade new financial instruments and fund financial initiatives which will trade biodiversity and ecosystem assets as new financial assets. The final reports, in five sections covering the economic methods and advice to policy makers, administrators, businesses and citizens, will make a series of recommendations for how to use economic values for different parts of nature, such as particular forests, wetlands, ocean habitats like coral reefs or individual species one example given is paying farmers to tolerate geese wintering in Scotlandinto ways to protect them.
The report begins with a review of indicators and drivers of biodiversity loss and ecosystem decline, and shows how these present both risks and opportunities to business.
Scientists contributing to the TEEB process indicate that irreversible damage to coral reefs can occur at atmospheric CO2 concentrations of over parts per million ppm.
I'm fine with 1: The report also describes recent initiatives to enable businesses to measure, value and report their impacts and dependencies on biodiversity and ecosystem services, and outlines priorities for further work in this area. It examines how ecosystems and their associated services are likely to respond to particular policy actions.
The report goes on to examine how business can align their actions in relation to biodiversity and ecosystem services with wider corporate social responsibility initiatives, including community engagement and poverty reduction.
Phase II complemented the third Global Biodiversity Outlook in helping to advance biodiversity policy and response beyondand to: Enable easy access to leading information and tools for improved biodiversity practice for the business community—from the perspective of managing risks, addressing opportunities, and measuring impacts.
Do you know of a good biodiversity story from or about companies based in the developing world and in emerging economies? Simon Stuart, a senior IUCN scientist, has warned that for the first time since the dinosaurs humans are driving plants and animals to extinction faster than new species can evolve.
More specifically the argument is that prices need to be corrected for market failure and simple adjustments can be made to correct the price system so resources will be allocated efficiently.
Although the report is likely to argue some subsidies should be reformed rather than axed, an example of the huge potential impact was given by Sukhdev told a meeting in New York this week that to stop the global collapse of fish stocks, more than 20 million people employed in the industry may need to be taken out of service and retrained over the next 40 years.
The findings of TEEB Interim Report were largely in three areas—the economic size and welfare impact of losses of ecosystems and biodiversity, the strong links between biodiversity conservation and ecosystem health on the one hand and poverty elimination and the achievement of Millennium Development Goals on the other, and the ethical choices involved in selecting a social discount rate for discounting the benefits of ecosystems and biodiversity.
Sukhdev's team also wants companies and countries to adopt new accounting systems so alongside their financial accounts of income, spending, profits and capital, they also publish figures showing their combined impact on environmental or natural capital, and also social capital, such improvements in workers' skills or national education levels.
TEEB finds that sound ecosystem and biodiversity management, and the inclusion of natural capital in governmental and business accounting can start to redress inaction and reduce the cost of future losses. A fundamental focus of TEEB is on developing an economic yardstick that is more effective than GDP for assessing the performance of an economy.
The report summarises the financial value of biodiversity and ecosystem services to the private sector. Integrate ecological and economic knowledge to structure the evaluation of ecosystem services under different scenarios. It examines the changing preferences of consumers for nature-friendly products and services, and offers examples of how companies are responding.Fri 21 May EDT First published on Fri the TEEB report is expected to say that the ratio of costs of conserving ecosystems or biodiversity to the benefits of doing so range from 1st Global Business of Biodiversity Symposium London, 13 July The Economics of Ecosystems and Biodiversity: Report for Business Editors: Joshua Bishop (IUCN), Cornis van der Lugt (UNEP), Francis Vorhies (Earthmind).
The Economics of Ecosystems and Biodiversity (TEEB) aims to bridge understanding and driving action in this area, adopting a phase-wise approach: Phase I led to the publication of the TEEB Interim Report, released at CBD COP9, in Pavan was appointed to lead TEEB by the EU Commission and Germany, and delivered its “Interim Report” whilst still working full time at Deutsche Bank in A career banker, Pavan then took a sabbatical from the Bank to lead TEEB & the Green Economy Initiative for UNEP.
Citation This report should be quoted as follows: TEEB – The Economics of Ecosystems and Biodiversity Report for Business - Executive Summary Authorship This executive summary has been written by: Joshua Bishop (International Union for Conservation of Nature), Nicolas Bertrand (United Nations Environment Programme), William Evison (PricewaterhouseCoo-pers), Sean Gilbert (Global.
The TEEB for Business Report provides evidence of growing concern about biodiversity loss in business, and offers examples of how some leading companies are taki ng action to conserve biodiversity and to.Download