With reference to an initiative called 'The Economics of Ecosystems and Biodiversity (TEEB)', which of the following statements is/are correct?
- 1.It is an initiative hosted by UNEP, IMF and World Economic Forum.
- 2.It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
- 3.It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.
Select the correct answer using the code given below.
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Answer: C. Statement 1 is wrong: TEEB is hosted by UNEP, not by the IMF and World Economic Forum. Statement 2 is correct: it draws attention to the economic benefits of biodiversity. Statement 3 is correct: it helps decision-makers recognise, show and capture the value of nature. So 2 and 3.
Watch for: The word 'Economics' makes students link it to the IMF and WEF.
Why the other options are wrong
- A. Wrong because the IMF and WEF do not host TEEB.
- B. Wrong because Statement 2 is also correct.
- D. Wrong because Statement 1 is false.
Source to check: TEEB official website, 'About' page (teebweb.org); UNEP
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.