teeb training session 3: the ‘teeb approach’ ©teeb

The Economics of Ecosystems & BiodiversityThe Economics of Ecosystems & Biodiversity

TEEB Training

Session 3: The ‘TEEB Approach’

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TEEB Training

Using Economic Information to Improve Policy Coherence; An Introduction

©TEEB::TEEB “Mofilm 3rd prize” YouTube

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TEEB Training

TEEB Origins and Genesis Founded on the (MA) concept of

ecosystem services for human well-being, under-pinned by biodiversity

Focus on underlying economic drivers of ecosystem decline and mainstreaming into economic decisions

Fill gap in economic evidence provided by the MA

Inspired by the Stern Review’s economic arguments for action on climate change

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TEEB Training

“Potsdam Initiative – Biological Diversity 2010”

……the economic significance of the global loss of biological diversity….

TEEB Interim Report CBD COP-9, Bonn,

May 2008

TEEB Main Reports Nov. 2009 – Oct. 2010

TEEB Climate Issues Update Strömstad September 2009.

TEEB’s Origins and Genesis continued…

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TEEB Training

Final Synthesis ReportOctober 2010

BusinessJuly 2010

Local & Regional Policy-Makers September 2010

National & International Policy-Makers November 2009

Ecological & Economic FoundationsOctober 2010

Interim ReportMay 2008

Climate Issues UpdateSeptember 2009

TEEB Reports (phase II)

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TEEB Training

Why valuation makes sense


Understanding the value of ecosystem services can help to:

Generate better information about the ‘value’ of nature’s services

Identify ‘true’ costs of business as usual

Improve decision making when tradeoffs are necessary and useful information is lacking

Provide a basis for policy formation and analysis

Set incentives and regulating use

Existing market signals often lack appropriate consideration of the value of, the damage to, and incentives for, the sustainable use of biodiversity and ecosystem services

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TEEB Training

Importance (and costs) of maintaining natural capital

Value of services often taken for granted:

Water supply/regulation: Catskills Mountains $2bn natural capital solution vs $7bn technological solution (pre-treatment plant)

Pollination: 30% of 1,500 crop plant species depend on bee and other insect pollination. Value of bees for pollination ~ Eur29 billion to EUR 70 billion worldwide per annum

Fish stock existence/productivity: Global market $80bn, 1.2 billion people reliant, stock collapses have major (local/national) implications

Flood control services of floodplain: eg River Bassee floodplain: ~ 91.5 – 305 million EUR / year


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TEEB Training

Recognize, Demonstrate, Capture

TEEB follows a three tiered approach towards ecosystem valuation by recognizing, demonstrating and capturing value.

This approach helps to make nature more economically visible and ultimately influence key actors to change their decisions and behaviors

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TEEB Training

THE TEEB APPROACH

RECOGNIZING VALUE:

THE TEEB APPROACH

RECOGNIZING VALUE:

This means that society clearly acknowledges and understands the range of benefits, goods and services provided by ecosystems. The simple fact of recognizing is sometimes sufficient to ensure conservation and sustainable use. This may be the case especially where the spiritual or cultural values of nature are strong.

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TEEB Training

THE TEEB APPROACH

DEMONSTRATING VALUE:

THE TEEB APPROACH

DEMONSTRATING VALUE:

In economic terms to support decision making, to consider the full costs and benefits of a proposed use of an ecosystem.

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TEEB Training

THE TEEB APPROACH

CAPTURING VALUE:

THE TEEB APPROACH

CAPTURING VALUE:

Final tier of the economic approach involves the introduction of mechanisms that incorporate values of ecosystems into decision-making, through incentives and price signals

(this can include payments for ecosystem services, reforming environmentally harmful subsidies, introducing tax breaks for conservation, creating new market for sustainably produced goods)

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TEEB Training

A narrow, market-centric view of nature which just focuses on monetization of nature

A mechanism that puts a price tag on nature to sell mother Earth

Nature commoditization About private profits

Valuation vs. Monetization

TEEB is not: TEEB is: Both market AND non-market

valuation which expands beyond monetary valuation methodologies using also quantitative and qualitative methodologies

A holistic view of valuing nature which takes into account environmental and social values and not just the market values of nature.

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TEEB Training

Why TEEB? Because the economic invisibility of nature is a problem.

Because addressing losses requires knowledge from many disciplines (ecology, economics, policy..) to be synthesized, integrated and acted upon

Because different decision making groups (policy-makers, local managers down to citizens) need different types of information & guidance

Because successes need be understood, broadcast, replicated and scaled..

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TEEB Training

According to Benjamin Franklin:

“I believe that a great part of the miseries of mankind are brought upon them by false estimates they have made of the value of things.” Benjamin Franklin, 1706- 1790

Why TEEB?

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teeb training session 3: the ‘teeb approach’ ©teeb

Documents

teeb approach teeb slide

teeb training teeb origins

teeb mofilm

introduction teeb

capture teeb

behaviors teeb slide

teeb training importance

teeb training session