teeb training session 3: the road ahead. teeb training working with the value of nature the value...

The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity

TEEB Training

Session 3: The Road Ahead


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


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


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


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)


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


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


TEEB Training

THANK YOU!

teeb training session 3: the road ahead. teeb training working with the value of nature the value...

Documents