Transcript Document
The Economics of Ecosystems & Biodiversity
Session 3:
The Road Ahead
TEEB Training
The Economics of Ecosystems & Biodiversity
Working with the value of nature
The value of nature has been
overlooked in economic signals, policy
instruments, and public investments
and national accounts
Awareness of these values is growing
and policymakers are beginning to
change their approach to natural
capital
Better estimates of these values are
also becoming increasingly available
to these decision makers are beginning
to change their approach to natural
capital
©Grida Arendal
TEEB Training
The Economics of Ecosystems & Biodiversity
A framework for sustainable action
Essential components
Identifying common and differentiated responsibilities and
interests amongst stakeholders:
• Understanding where partnerships can be built and cooperation
fostered
• Engaging business
• Further engaging with and recognising the role of other key
stakeholders (local communities, indigenous groups, academics)
• Through working with citizens – building public recognition of the
value of biodiversity
Identifying opportunities for action at the international level
Identifying opportunities for action at the national level
TEEB Training
The Economics of Ecosystems & Biodiversity
Tools for delivering change
Integrate the evidence base for better measurement,
monitoring and accounting
Developing a cultural assessment that takes the wider
ecosystem values into account over longer periods of time
Adjusting incentives in line with positive and negative
environmental impacts
Getting prices right, greening markets and greening the
supply chain
Reforming subsidies
Using regulation and good governance to raise the baseline
Expanding and managing protected area networks on land and
at sea
TEEB Training
The Economics of Ecosystems & Biodiversity
“It is not enough to know, one should always
want; it is not enough to want, one should also
act”
(Johann Wolfgang van Goethe, 1749-1832)
TEEB Training
The Economics of Ecosystems & Biodiversity
Module 5 Summary
In order to improve the stewardship of natural capital, it is essential that
biodiversity and ecosystem services values are integrated into decision
making processes
The execution of a TEEB study can help policymakers address more
effectively the policy issues at hand, assist with the selection of appropriate
responses, and guide decision making processes more towards sustainable
action
Once these values are known, and depending on the policy context, there
are a series of different ways to respond via a range of different policy
options/instruments
There already exist many examples across the globe where responses have
been successful
The road ahead is a road where we work WITH the value of nature rather
than AGAINST it
TEEB Training
The Economics of Ecosystems & Biodiversity
“Society must urgently replace its defective
economic compass so that it does not
jeopardize human well-being and
planetary health through the undervaluation and consequent loss of
ecosystems and biodiversity.”
©TEEB@CBD COP9, Bonn 2008
Pavan Sukhdev, TEEB Study Leader
29.5.2008, CBD COP9
7/16/2015
TEEB Training
7
The Economics of Ecosystems & Biodiversity
THANK YOU!
TEEB Training