Introductory note on Valuation Framework
What is the TEEBAgriFood Valuation Framework
- The TEEBAgriFood valuation framework is a frame of analysis that can enable us to answer the question “what should we value, and why?”
- The framework ensures that nothing important is missed, and that the full range of impacts and dependencies (including externalities) from eco-agri-food systems can be individually examined and collectively evaluated for the application in question, be it a typology comparison, a policy evaluation, a business question or an accounting question.
- Using a universal framework such as the one recommended here, each type of food system, production alternative, or consumer choice can be held to a common form of assessment of all significant costs and benefits, whether they be economic, social or related to risks and uncertainty.