{"id":551,"date":"2023-06-13T11:54:35","date_gmt":"2023-06-13T06:24:35","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=551"},"modified":"2024-04-03T07:10:37","modified_gmt":"2024-04-03T01:40:37","slug":"q-with-reference-to-an-initiative-called-the-economics-of-ecosystems-and-biodiversity-teeb-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-an-initiative-called-the-economics-of-ecosystems-and-biodiversity-teeb-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q. With reference to an initiative called \u201cThe Economics of Ecosystems and Biodiversity (TEEB)\u201d which of the following statements is\/are correct?"},"content":{"rendered":"\n<ol class=\"wp-block-list\" type=\"1\">\n<li>It is an initiative hosted by UNEP, IMF and World Economic Forum.<\/li>\n\n\n\n<li>It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.<\/li>\n\n\n\n<li>It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Select the correct answer using the code given below.<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 and 2 only<\/li>\n\n\n\n<li>3 only<\/li>\n\n\n\n<li>2 and 3 only<\/li>\n\n\n\n<li>1, 2 and 3<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (c) 2 and 3 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Notes:<\/h3>\n\n\n\n<h6 class=\"wp-block-heading\">The&nbsp;<strong>Economics of Ecosystems and Biodiversity (TEEB)<\/strong><\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The&nbsp;<strong>Economics of Ecosystems and Biodiversity (TEEB)&nbsp;<\/strong>is a global initiative to raise awareness of the global economic benefits of biodiversity. It aims to&nbsp;<strong>\u201cmake the values of nature evident.\u201d<\/strong>&nbsp;<\/li>\n\n\n\n<li>In&nbsp;<strong>2007<\/strong>,&nbsp;<strong>Germany and the European Commission<\/strong>&nbsp;launched the Economics of Ecosystems and Biodiversity (TEEB).&nbsp;<\/li>\n\n\n\n<li>Its primary goal is to incorporate&nbsp;<strong>biodiversity and ecosystem service values into decision-making<\/strong>&nbsp;at all levels.<\/li>\n\n\n\n<li>The Initiative concentrated its efforts on three habitats:&nbsp;<strong>forests, inland wetlands, and coastal and marine ecosystems<\/strong>.<\/li>\n\n\n\n<li>Estimates show that<strong>&nbsp;biodiversity and environmental loss<\/strong>&nbsp;would cost 18 percent of global economic output by 2050.<\/li>\n\n\n\n<li><strong>Aims<\/strong>\n<ul class=\"wp-block-list\">\n<li>To assess, communicate, and mainstream the urgency of actions through five deliverables:\n<ul class=\"wp-block-list\">\n<li>Science and economic foundations, policy costs, and costs of inaction<\/li>\n\n\n\n<li>Policy options for national and international decision-makers<\/li>\n\n\n\n<li>Decision-making assistance for local administrators<\/li>\n\n\n\n<li>Business Risks, opportunities and metrics<\/li>\n\n\n\n<li>Citizen and consumer ownership<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>The\u00a0<strong>Economics of Ecosystems and Biodiversity (TEEB)<\/strong>\u00a0uses a phase-wise strategy to bridging knowledge and promoting action in this field.\n<ul class=\"wp-block-list\">\n<li><strong>Phase I<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Phase I&nbsp;<\/strong>resulted in the<strong>&nbsp;2008 CBD COP9<\/strong>&nbsp;release of the<strong>&nbsp;TEEB Interim Report.<\/strong><\/li>\n\n\n\n<li>The study emphasised the close relationship between poverty and the destruction of ecosystems and biodiversity.<\/li>\n\n\n\n<li>It demonstrated how the neglect and degradation of ecosystems and biodiversity were putting numerous&nbsp;<strong>Millennium Development Goals<\/strong>&nbsp;in danger.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Phase II<\/strong>\n<ul class=\"wp-block-list\">\n<li>The&nbsp;<strong>third Global Biodiversity Outlook&nbsp;<\/strong>was reinforced by&nbsp;<strong>Phase II,<\/strong>&nbsp;which assisted in advancing biodiversity policy and response past 2010.<\/li>\n\n\n\n<li>Utilise ecological and economic information in conjunction with one another to build the assessment of ecosystem services under various conditions.<\/li>\n\n\n\n<li>Provide suggestions for suitable valuation techniques for various settings.<\/li>\n\n\n\n<li>Consider the financial consequences of biodiversity loss as well as the advantages and disadvantages of taking action to mitigate these losses.<\/li>\n\n\n\n<li><strong>Create guidelines&nbsp;<\/strong>for decision-makers at the global, regional, and local levels to promote sustainable development and improve ecosystem and biodiversity protection.<\/li>\n\n\n\n<li>Facilitate the corporate community\u2019s simple access to cutting-edge knowledge and tools for enhanced biodiversity practise from the perspectives of controlling risks, addressing opportunities, and assessing effects.<\/li>\n\n\n\n<li>Increase&nbsp;<strong>public knowledge<\/strong>&nbsp;of how each person affects ecosystems and biodiversity, as well as the areas where individual action may make a difference.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Phase III<\/strong>\n<ul class=\"wp-block-list\">\n<li>As part of its<strong>&nbsp;phase III, TEEB&nbsp;<\/strong>is funding the creation of national&nbsp;<strong>TEEB s<\/strong>tudies in a number of nations as well as the creation of sector- or biome-specific studies, such as the work on agriculture and food that is presently under progress&nbsp;<strong>(TEEB Agri-food).<\/strong><\/li>\n\n\n\n<li>The 2018 edition of the<strong>&nbsp;TEEB Agri-Food output<\/strong>&nbsp;contains its conceptual underpinnings research and assessment framework.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h6 class=\"wp-block-heading\" id=\"India\">TEEB and India<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Ministry of Environment and Forests has launched the&nbsp;<strong>Economics of Ecosystems and Biodiversity TEEB-India Initiative (TII)<\/strong>&nbsp;to highlight the economic consequences of biological diversity loss and the resulting decline in ecosystem services.<\/li>\n\n\n\n<li>The&nbsp;<strong>Initiative concentrated<\/strong>&nbsp;its efforts on three habitats:&nbsp;<strong>forests, inland wetlands, and coastal and marine ecosystems.<\/strong><\/li>\n\n\n\n<li>TII has been implemented as a technical collaboration with&nbsp;<strong>GIZ<\/strong>&nbsp;under the&nbsp;<strong>Indo-German Biodiversity Programme.<\/strong><\/li>\n\n\n\n<li>The<strong>&nbsp;pilot project&nbsp;<\/strong>results will be incorporated into the sectoral synthesis for the three ecosystems.<\/li>\n\n\n\n<li>It was unveiled during the&nbsp;<strong>Brazil-India-Germany TEEB Dialogue,<\/strong>&nbsp;which India hosted in September 2015.<\/li>\n\n\n\n<li>The entire research result was issued at the 21st session of the<strong>&nbsp;UNFCCC CoP,&nbsp;<\/strong>which was held in Paris in November-December&nbsp;<strong>2015.<\/strong><\/li>\n<\/ul>\n\n\n<style>.wp-block-kadence-spacer.kt-block-spacer-_a1e9c9-fc .kt-block-spacer{height:40px;}.wp-block-kadence-spacer.kt-block-spacer-_a1e9c9-fc .kt-divider{border-top-width:2px;border-top-color:#eee;width:100%;border-top-style:solid;}<\/style>\n<div class=\"wp-block-kadence-spacer aligncenter kt-block-spacer-_a1e9c9-fc\"><div class=\"kt-block-spacer kt-block-spacer-halign-center\"><hr class=\"kt-divider\"\/><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Select the correct answer using the code given below. Answer: (c) 2 and 3 only Notes: The&nbsp;Economics of Ecosystems and Biodiversity (TEEB) TEEB and India<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[36],"years":[57],"class_list":["post-551","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-environment","years-57"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":36,"label":"Environment"}],"years":[{"value":57,"label":"2016"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":36,"name":"Environment","slug":"environment","term_group":0,"term_taxonomy_id":36,"taxonomy":"post_tag","description":"","parent":0,"count":193,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=551"}],"version-history":[{"count":2,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/551\/revisions"}],"predecessor-version":[{"id":569,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/551\/revisions\/569"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=551"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}