Related initiatives

There are various initiatives that support countries mainstream the values of ecosystems services within policy-making. These initiatives like TEEB propose various methodologies and tools some of these include:

Wealth Accounting and the Valuation of Ecosystem Services (WAVES), facilitated by the World Bank WAVES is a global partnership that aims to promote sustainable development and brings together a broad coalition of UN agencies, governments, international institutes and NGOs. TEEB encourages engagement in WAVES, which was in part catalysed by TEEB. WAVES recognizes and reflects the importance of natural capital in national accounts.
System of Environmental-EconomicAccounting (SEEA)
(coordinated by the UN Statistics Division)

SEEA provides the statistical standard for measuring the environment and its relationship to economic and human activity. TEEB called for the development of natural capital accounts (see Chapter 4 in TEEB National, TEEB Foundations and TEEB Synthesis) and continues to do so. TEEB Country Studies are driven by national policy priorities, and among those is to recognize and reflect the   importance of natural capital in national accounts.
Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) IPBES provides a mechanism recognized by both the scientific and policy communities to synthesize, review, assess and critically evaluate relevant BES information and knowledge generated worldwide by experts from governments, academia, scientific organizations, NGOs and indigenous communities. TEEB has the potential to contribute substantively to all four functions identified for IPBES in the Busan outcome as well as many of the potential activities identified in the working document on possible elements of the work programme.
National Biodiversity Strategy and Action Plan (NBSAP) National Biodiversity Strategies and Action Plans (NBSAPs) are the principal instruments for implementing the CBD at the national level (Art. 6). TEEB is an important partner in implementing the CBD programme of work on incentive measures, and in particular its work on valuation. TEEB is particularly relevant to the revision and review or update of NBSAPs in light of the new Strategic Plan for Biodiversity 2011-2020 (decision X/2, paragraph 3 (c)), particularly Aichi targets 2 & 3.
Ecosystem assessments, Sub-Global Assessment (SGA) Network The SGA Network seeks to create a common platform for practitioners (individuals and organizations) involved in ecosystem assessment at regional, sub-regional, national and sub-national levels. The intention is to promote and facilitate improved capacity in undertaking and using assessments. Practitioners involved in ecosystem assessments are increasingly expressing an interest in including an economic component to the primarily biophysical assessments. SGA work can inform a TEEB Country Study. Vice versa, TEEB can add an economic dimension to existing ecosystem services assessments.
EU working Group on Mapping and Assessment of Ecosystems and their Services (MAES) The EU Biodiversity Strategy to 2020 aims to inform policy decisions and policy implementation in many policy areas dependent on ecosystems and their services. Some European countries have started TEEB Country Studies and might build on these when fulfilling their obligations regarding Action 5, others may choose to extend the mapping and value accounting with further TEEB related topics later.
UNEP Green Economy  Initiative (UNEP-GEI) UNEP-GEI’s overall goal is to provide analysis and policy support for investing in green economy sectors. The Green Economy report highlights the economic invisibility of ecosystem services as a major cause of its mismanagement and degradation. In this sense, TEEB studies can contribute towards a green economy transition.
UNDP-UNEP Poverty- Environment Initiative (PEI) The PEI is a joint UNDP-UNEP project to support country led efforts in mainstreaming the linkages between poverty and environment into national development policy and planning. UNDP-UNEP PEI and TEEB are compatible initiatives with strong synergies as they both aim at mainstreaming the environment into development policy making.
The Biodiversity   Finance Initiative (BIOFIN) Objectives:1. Policy and institutional review related to biodiversity finance, with a biodiversity expenditure review2. Assessment of the costs (needs and gaps) of achieving national biodiversity conservation/management goals NBSAP targets).3. Assessment of potential financing mechanisms and related institutional/governance needs.Both, BIOFIN and TEEB will work on the mainstreaming of biodiversity and ecosystem services into decision-making and development planning; should closely liaise during national engagement processes to ensure consistency, avoid duplication and use synergies.
The Economics of Land Degradation (ELD) ELD is an initiative for a global study inspired by TEEB on the economic benefits of land and land-based ecosystems. The initiative highlights the value of sustainable land management and provides a global approach for analysis of the economics of land degradation. Similar to TEEB ELD is trying to make economics of land degradation an integral part of policy strategies and decision making by increasing the political and public awareness of the costs and benefits of land and landbased ecosystems. For countries dealing with the issue of land degradation ELD is highly relevant.

Latest Publications

Measuring what matters in agriculture and food systems: a synthesis

The Economics of Ecosystems and Biodiversity (TEEB) (2018). Measuring what matters in agriculture and food systems: a synthesis of the results and recommendations of TEEB for Agriculture and Food’s Scientific and Economic Foundations report. Geneva: UN Environment. Download report

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Scientific and Economic Foundations Report

The TEEBAgriFood ‘Scientific and Economic Foundations’ report addresses the core theoretical issues and controversies underpinning the evaluation of the nexus between the agri-food sector, biodiversity and ecosystem services and externalities including human health impacts from agriculture on a global scale. It argues the…

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TEEB Challenges and Responses

TEEB ‘s progress, challenges and responses towards mainstreaming the economics of nature. [ENG] [ESP]

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TEEB for Agriculture & Food Concept Note

February 2014- The Concept Note presents the case for and proposed outline content of a TEEB for Agriculture & Food study.

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Natural Capital Accounting and Water Quality: Commitments, Benefits, Needs and Progress

December 2013 – The briefing note outlines existing guidance and examples on water quality accounting and identifies the ongoing challenges related to the development of natural capital accounting and water quality accounting. Inspired by the growing global focus on natural capital accounting, the note identifies the ongoing challenges related to the development of natural capital accounting and water quality accounting, in order to encourage debate and commitment towards effective water and biodiversity policy.

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