Ecological and Economic Foundations
The TEEB study is underpinned by an assessment of state-of-the-art science and economics. The goal of TEEB Ecological and Economic Foundations is to provide the conceptual foundation to link economics and ecology, to highlight the relationship between biodiversity and ecosystem services and to show their importance for human well-being. Written by a team of international experts and led by Dr. Pushpam Kumar, this aspect of the TEEB study tackles the challenges of valuing ecosystem services, as well as issues related to economic discounting. It aims to quantify the costs of inaction and examine the macroeconomic dimension of ecosystem services loss. This information will focus on improving our understanding of the economic costs of biodiversity loss and ecosystem degradation.Release: October 2010
The TEEB study is underpinned by an assessment of state-of-the-art science and economics. The goal of TEEB Ecological and Economic Foundations is to provide the conceptual foundation to link economics and ecology, to highlight the relationship between biodiversity and ecosystem services and to show their importance for human well-being. Written by a team of international experts and led by Dr. Pushpam Kumar, this aspect of the TEEB study tackles the challenges of valuing ecosystem services, as well as issues related to economic discounting. It aims to quantify the costs of inaction and examine the macroeconomic dimension of ecosystem services loss. This information will focus on improving our understanding of the economic costs of biodiversity loss and ecosystem degradation.
Examples include water and air quality regulation, nutrient cycling and decomposition, plant pollination and flood control, all of which are dependent on biodiversity. They are predominantly public goods with limited or no markets and do not command any price in the conventional economic system, so their loss is often not detected and continues unaddressed and unabated. This in turn not only impacts human well-being, but also seriously undermines the sustainability of the economic system.
TEEB Ecological and Economic Foundations is the most comprehensive overview of existing thinking in this area to date, and the process is bringing scientists and economists together to provide the analysis and tools required in order for us to be able to create a robust methodological framework enabling the decision-makers at different levels to undertake economic analysis of ecosystem services and biodiversity.
Citation: TEEB (2010), The Economics of Ecosystems and Biodiversity Ecological and Economic Foundations. Edited by Pushpam Kumar. Earthscan, London and Washington
The book can be purchased from Routledge here.
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Chapter 2 – Biodiversity, ecosystems and ecosystem services
Chapter 3 – Measuring biophysical quantities and the use of indicators
Chapter 4 – Socio-cultural context of ecosystem and biodiversity valuation
Chapter 5 – The economics of valuing ecosystem services and biodiversity
Chapter 6 – Discounting, ethics, and options for maintaining biodiversity and ecosystem integrity
Chapter 7 – Key Messages and Linkages with National and Local Policies
Latest Publications
TEEB Challenges and Responses
September 2014- This publication describes the progress, challenges and responses towards mainstreaming the economics of nature.
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.
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.
The Economics of Ecosystems and Biodiversity – Valuation Database Manual
December 2013 – The Manual presents an overview and explains the potential uses and functions of the TEEB Valuation Database. The Manual discusses the origin of the database; describes its content and structure; outlines its contents and discusses how it may be used including important caveats.
TEEB Georgia Scoping Study
September 2013 – This scoping study takes stock of work that has been done thus far on biodiversity and ecosystem services assessments in Georgia, prioritizes important economic sectors and highlights critical relationships to biodiversity and ecosystem services. The study identifies five core sectors energy, tourism, agriculture, mining, and forestry applicable for TEEB.