The economics of ecosystems and biodiversity: mainstreaming the economics of nature

This new TEEB study showcases the economic value of forests, freshwater, soils and coral reefs & calls for wider recognition of nature’s contribution to human livelihoods, health and security by the decision-makers.

The economic importance of the world's natural assets is now firmly on the political radar as a result of an international assessment showcasing the enormous economic value of forests, freshwater, soils and coral reefs, as well as the social and economic costs of their loss, was the conclusion of The Economics of Ecosystems and Biodiversity (TEEB) report. "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 TEEB study calls for wider recognition of nature's contribution to human livelihoods, health, security, and culture by decision-makers at all levels (local to national and business to citizens). It promotes the demonstration, and where appropriate, the capture of the economic values of nature's services through an array of policy instruments and mechanisms.

See Also

Report: Global biodiversity outlook 3

Report: Global forest resources assessment 2010

Report: State of biodiversity markets

Report: The economics of ecosystems and biodiversity

Report: Dead planet, living planet

Feature: Accounting for natural resources and environmental sustainability

Feature: Don’t just count the trees