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The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Session 3: The ‘TEEB Approach’
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Using Economic Information to Improve Policy Coherence; An Introduction
©TEEB::TEEB “Mofilm 3rd prize” YouTube
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
TEEB Origins and Genesis Founded on the (MA) concept of
ecosystem services for human well-being, under-pinned by biodiversity
Focus on underlying economic drivers of ecosystem decline and mainstreaming into economic decisions
Fill gap in economic evidence provided by the MA
Inspired by the Stern Review’s economic arguments for action on climate change
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
“Potsdam Initiative – Biological Diversity 2010”
……the economic significance of the global loss of biological diversity….
TEEB Interim Report CBD COP-9, Bonn,
May 2008
TEEB Main Reports Nov. 2009 – Oct. 2010
TEEB Climate Issues Update Strömstad September 2009.
TEEB’s Origins and Genesis continued…
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Final Synthesis ReportOctober 2010
BusinessJuly 2010
Local & Regional Policy-Makers September 2010
National & International Policy-Makers November 2009
Ecological & Economic FoundationsOctober 2010
Interim ReportMay 2008
Climate Issues UpdateSeptember 2009
TEEB Reports (phase II)
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Why valuation makes sense
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
Understanding the value of ecosystem services can help to:
Generate better information about the ‘value’ of nature’s services
Identify ‘true’ costs of business as usual
Improve decision making when tradeoffs are necessary and useful information is lacking
Provide a basis for policy formation and analysis
Set incentives and regulating use
Existing market signals often lack appropriate consideration of the value of, the damage to, and incentives for, the sustainable use of biodiversity and ecosystem services
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Importance (and costs) of maintaining natural capital
Value of services often taken for granted:
Water supply/regulation: Catskills Mountains $2bn natural capital solution vs $7bn technological solution (pre-treatment plant)
Pollination: 30% of 1,500 crop plant species depend on bee and other insect pollination. Value of bees for pollination ~ Eur29 billion to EUR 70 billion worldwide per annum
Fish stock existence/productivity: Global market $80bn, 1.2 billion people reliant, stock collapses have major (local/national) implications
Flood control services of floodplain: eg River Bassee floodplain: ~ 91.5 – 305 million EUR / year
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Recognize, Demonstrate, Capture
TEEB follows a three tiered approach towards ecosystem valuation by recognizing, demonstrating and capturing value.
This approach helps to make nature more economically visible and ultimately influence key actors to change their decisions and behaviors
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
THE TEEB APPROACH
RECOGNIZING VALUE:
THE TEEB APPROACH
RECOGNIZING VALUE:
This means that society clearly acknowledges and understands the range of benefits, goods and services provided by ecosystems. The simple fact of recognizing is sometimes sufficient to ensure conservation and sustainable use. This may be the case especially where the spiritual or cultural values of nature are strong.
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
THE TEEB APPROACH
DEMONSTRATING VALUE:
THE TEEB APPROACH
DEMONSTRATING VALUE:
In economic terms to support decision making, to consider the full costs and benefits of a proposed use of an ecosystem.
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
THE TEEB APPROACH
CAPTURING VALUE:
THE TEEB APPROACH
CAPTURING VALUE:
Final tier of the economic approach involves the introduction of mechanisms that incorporate values of ecosystems into decision-making, through incentives and price signals
(this can include payments for ecosystem services, reforming environmentally harmful subsidies, introducing tax breaks for conservation, creating new market for sustainably produced goods)
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
A narrow, market-centric view of nature which just focuses on monetization of nature
A mechanism that puts a price tag on nature to sell mother Earth
Nature commoditization About private profits
Valuation vs. Monetization
TEEB is not: TEEB is: Both market AND non-market
valuation which expands beyond monetary valuation methodologies using also quantitative and qualitative methodologies
A holistic view of valuing nature which takes into account environmental and social values and not just the market values of nature.
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Why TEEB? Because the economic invisibility of nature is a problem.
Because addressing losses requires knowledge from many disciplines (ecology, economics, policy..) to be synthesized, integrated and acted upon
Because different decision making groups (policy-makers, local managers down to citizens) need different types of information & guidance
Because successes need be understood, broadcast, replicated and scaled..
©TEEB
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
According to Benjamin Franklin:
“I believe that a great part of the miseries of mankind are brought upon them by false estimates they have made of the value of things.” Benjamin Franklin, 1706- 1790
Why TEEB?
©TEEB
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