teeb training session 3: the road ahead. teeb training working with the value of nature the value...
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The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
Session 3: The Road Ahead
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
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
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
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
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
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
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
“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)
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
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
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training04/11/23 7
“Society must urgently replace its defective
economic compass so that it does not
jeopardize human well-being and planetary
health through the under-valuation and
consequent loss of ecosystems and
biodiversity.”
Pavan Sukhdev, TEEB Study Leader
29.5.2008, CBD COP9
©TEEB@CBD COP9, Bonn 2008
The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity
TEEB Training
THANK YOU!