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Summary - TEEB

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<strong>TEEB</strong> D1 <strong>Summary</strong><br />

TABLE OF CONTENTS<br />

A Word of Thanks 1<br />

Background 2<br />

The Economics of Ecosystems and Biodiversity -<br />

for National and International Policy Makers An Executive <strong>Summary</strong><br />

Part I: The global biodiversity crisis: challenges and opportunities for policy makers 4<br />

Part II: Measuring what we manage: information tools for decision-makers 4<br />

Part III: Available solutions: instruments for better stewardship of natural capital 5<br />

Part IV: The road ahead: responding to the value of nature 5<br />

1. Why valuing ecosystem services makes economic sense 7<br />

Values are becoming more visible 7<br />

Markets limitations and the role of public policies 10<br />

Recognising ecosystem service values contributes to better decisions 11<br />

2. Measuring to manage our natural capital 14<br />

Better measurement of biodiversity and ecosystem services 14<br />

Better links to macro-economic and societal indicators and national accounts 15<br />

The need for better informed management of natural capital 16<br />

3. Reasons to invest in natural capital 17<br />

Investment for climate change mitigation and adaptation 17<br />

Investment in ecological infrastructure 19<br />

Investment in protected areas 20<br />

Restoration of degraded ecosystems 22<br />

Investment in ecological infrastructure supports jobs 23<br />

4. Improving the distribution of costs and benefits 25<br />

Making sure the right people pay 25<br />

Setting incentives in line with the distribution of nature’s benefits 26<br />

Clarifying rights to resources: good for people and for the environment 27<br />

Managing transition and overcoming resistance to change 29<br />

5. Natural capital that delivers prosperity 31<br />

Policies make a difference 31<br />

Opportunities for improvement 32<br />

The road ahead 33<br />

Building a more resource efficient economy 34<br />

References 36

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