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The Economics of Ecosystems and Biodiversity -
                    TEEB

                          Patrick ten Brink
                    TEEB for Policy Makers Co-ordinator
                            Head of Brussels Office
            Institute for European Environmental Policy (IEEP )

                      International conference
    "Integration of the ecosystem services in the economy NIS"
        28-29 March 2011, settlement Dubrovsky, Moscow Region




                                                                  1
ТЕЕВ: возникновение, цели и прогресс

               G8+5            “Потсдамская инициатива - Биоразнообразие 2010”
              Potsdam
                         1)Экономическое значение глобальных потерь биоразнообразия
                 Важность осознания, демонстрации и отношения к на ценности природы
                           Участвуют: ~500 авторов, получены отзывы со всего миру

                                               TEEB End User
                                              Reports Brussels
               Interim         Climate       2009, London 2010
               Report       Issues Update
                                                                        TEEB       TEEB       CBD COP11
                                                                      Synthesis    Books        Delhi
Ecol./Env.
Economics                                                                                      National
literature                                                                                      TEEB
                                                                                                Work

                                                                                               Sectoral
             CBD COP 9        Input to                                                          TEEB
             Bonn 2008      UNFCCC 2009                                                         work
                                            India, Brazil, Belgium,                             Et al.
                                             Japan & South Africa
                                                  Sept. 2010                                   Rio+20
                                                                                               Brazil

                                                                 BD COP 10 Nagoya, Oct 2010
Конвенция ООН о биоразнообразии (КБР)
определяет биоразнообразие как «паутину жизни»

•   Разнообразие видов - растения, животные и микроорганизмы

•   Генетическое разнообразие внутри каждого вида – например,
    сортов с/х культур и пород домашнего скота

•   Разнообразие экосистем – например, пустыни, леса, болота, горы,
    озера, реки и с/х ландшафты



Биоразнообразие и его ценость влияет на разнообразие
    (фармацевтика, продовольственная безопасность), а также на
    количество (захоронение углерода, рыбные запасы, защита от
    наводнений, древесина, сохранение воды) и на качество (пейзаж и
    туризм)
Путь от структуры и функционирования
 экосистем к благосостоянию человека
Valuation and policy making:
from valuing natural assets to decisions




    “Я уверен, что большая часть несчастий
    Человечества вызвана неверной оценкой
               ценности вещей.”
                        Бенджамин Франклин, 1706-1790
Ключевые вопросы
Ценность биоразнообразия и экосистем не учтена
•   Многие не знают (но ситуация меняется); большой недостаток
    осведомленности
•   Они как правило не интегрированы в экономические сигналы, в рынки –
    поэтому экономика обычно не решение
•   Их ценность систематически не принимается в расчет при оценках и
    принятии решений
•   Ценность природы не отражена ни в национальной экономике, ни в ведущих
    макро-экономических индикаторах


    Существенные пробелы в данных для принятия решений; неверное
    понимание правильных решений для страны /города/ бизнеса и слабая
    поддержка действия
    Отсутствие политической воли или убеждения для запуска
    Утрата биоразнообразия продолжается – разрушая природный капитал, не
    понимая его ценности
Valuation and policy making:
       from valuing natural assets to decisions
 “There is a renaissance underway, in which people are waking up
     to the tremendous values of natural capital and devising
 ingenious ways of incorporating these values into major resource
                           decisions.”
                                                         Gretchen Daily, Stanford University




                                                 Book announcement: The Economics of Ecosystems and
TEEB Reports: http://www.teebweb.org/            Biodiversity in National and International Policy Making now
Summaries (in range of languages) and chapters   available from Earthscan
TEEB для лиц, принимающих решения
                            Глобальный кризис биоразнообразия
                            •   Природный капитал и потери
                                биоразнообразия
                            •   Экономические выгоды и потери
                            •   Социальная характеристика

                             Измеряя то, чем мы владеем
                             •Индикаторы
                             •Счета
                             •Оценки

                            Доступные решения
                            • Рынки/цены/стимулы
                            • Регуляция: стандарты
                            • Регуляция: планирование, ООПТ
                            • Инвестиции (рукотворный и природный
                            капиталы)

                            Осознание ценности природы
  http://www.teebweb.org/
Различные выгоды от экосистем

Ресурсные услуги                                        Много услуг из одного источника
•   Пища, древесина, топливо
•   Вода
•   Генетические ресурсы

Регулирующие услуги
•   Климатческая регуляция
•   Очистка воды
•   Очитска воздуха
•   Эрозионный контроль
•   Смягчение природных явлений
•   Опыление
•   Биологический контроль

Культурные услуги
•   Эстетическая ценность, рекреация и туризм
•   Культурная и духовная ценность

Поддерживающие услуги                           Important to appreciate the whole set of eco-system
•   Почвообразование                                services & take into account in decisions
                                          Not only after they have been lost and oft costly substitutes
+ Способность к восстановлению                                      needed
Evidence base - Assessing values and actions

Assessing the value of working with natural capital has helped determine where
ecosystems can provide goods and services at lower cost than by man-made
technological alternatives and where they can lead to significant savings

• USA-NY: Catskills-Delaware watershed for NY: PES/working with nature saves money (~5US$bn)
• New Zealand: Te Papanui Park - water supply to hydropower, Dunedin city, farmers (~$136m)
• Mexico: PSAH to forest owners, aquifer recharge, water quality, deforestation, poverty (~US$303m)
• France & Belgium: Priv. Sector: Vittel (Mineral water) PES & Rochefort (Beer) PES for water quality
• Venezuela: PA helps avoid potential replacement costs of hydro dams (~US$90-$134m over 30yr)
• Vietnam restoring/investing in Mangroves - cheaper than dyke maintenance (~US$: 1m to 7m/yr)
• South Africa: WfW public PES to address IAS, avoids costs and provides jobs (~20,000; 52%♀)
• Germany : peatland restoration: avoidance cost of CO2 ~ 8 to 12 €/t CO2 (0-4 alt. land use)

    TEEB implementation: assess where working with nature saves money – for public
     (city, region, national), private sector, communities and citizens & who, with which
                         collaboration/partnerships can make it happen
Sources: various. Mainly in TEEB for National and International Policy Makers, TEEB for local and regional policy and TEEB cases
Бенефициары:
        Общественный сектор (вода – национальный и муниципальный уровни),
        Общественные блага (леса, биоразнообразие, климат),
        Частный сектор (вода, энергия),
        Граждане (количество, качество, цена воды)
        Сообщества (платежи, рабочие места, экологический капитал и «ВВП бедняков»)

Решения: инвестиции в сохранение / восстановление, платежи за ЭУ / общественые
программы, ООПТ
Сотрудничество:    Вода – доступность/количество, качество,
        Климат – смягчение и адаптации
        Создание рабочих мест
        Безоспасность – природные явления, вода, энергетика
        Финансы
        Индустриальная политика – энергетика, вода, лес, с/х
        Бедность

                                                     and in each case : biodiversity.
  TEEB implementation: understand beneficiaries, appreciate synergies – build on both
Учет общественных благ
…может изменить понимание о «правильном» использовании
ресурсов
 US$    Based only on private gain, the “trade-                                      Shrimp Farm
 /ha/yr off” choice favours conversion…..                                            Mangroves
                                                                     $12,392/ha
10000
          $9632/ha
                                                             After
                                                             Adding    Storm
                                                             Public    protection
5000                                                         Benefits
                                                             From
                                                             mangroves
                                  $1220/ha                               Fishery
                     $584/ha                                             nursery
                                                   $584/ha
          private profits      private   private
   0                           profits   profits                        Net of public
                               less                                     costs of
                               subsidies                                restoration
                                                                        needed
                                                                         after 5 years

  If public wealth is included, the “trade-off”
  choice changes completely…..
                                                              -ve $11,172/ha
                                                                               Source: Barbier et al, 2007
Инструменты основаны на                           Hydrological services: Aquifer recharge;
 информации                                              Improved surface water quality, reduce
                                                            frequency & damage from flooding`
Решение: Mexico PSAH: Платежи
   владельцам леса за его сохранение:
   упаравлять и не изменять

Результат
Обезлесение снизилось с 1.6 % до 0.6 %.
18.3 тыс. гектар леса сохранено
Предотвращен выброс парниковых газов ~ 3.2 млн.
  тонн СО2


               Reduce Deforestation                                           Address Poverty




                                                    Munoz 2010); Muñoz-Piña et al. 2008; Muñoz-Piña et al. 2007
Multiple Objectives : PSAH Mexico
Balance of priorities varied over time

An instrument can evolve and respond to                      Aquifers
changing needs

Poverty an explicitly integrated objective
Has grown in importance
                A
                                    Poverty                                          Water scarcity




 P                              W
                                S

                                                          Deforestation                  Munoz 2010); Muñoz-
                                                                                              Piña et al. 2008

                D

Mexican PSAH helped by good base data (on aquifers, forests, poverty). A key area of development support
could be to help those regions that need it with capacity building, indicators, interrelations (ecological,
                      economic and social systems) & natural capital accounts.
TEEB Climate Issues Update


                         Coral reef emergency


                         Forest carbon for climate
                         mitigation


                         National accounting for
                         forest carbon


                         Ecosystem investment for
                         climate adaptation
Инвестиции в экологическую инфраструктуру: выгоды

•   Облесение: захоронение углерода+ снижение риска эрозии &
    landslides
•   Болота и леса и снижение риска потопов
•   Мангровые леса и береговая эрозия и природные катаклизмы
•   Восстанавливать леса, озера и болота для борьбы с дефицитом воды
•   Коралловые рифы как рыбные фабрики для рыбных ресурсов /
    продовольственной безопасности
•   ООПТ и связи способствуют устойчивости экосистем и видов


Potential for lower cost adaption to climate change and policy synergies
      Adaptation to climate change will receive hundreds of US$ billions in coming
                                    years/decades.
                      Critically important that this be cost-effective.
     Support for identifying where natural capital solutions are appropriate & invest.
TEEB Synthesis Report
                                                                        …is this enough to work out
                                                                                what to do?
 Making Natures Values Visible: improved evidence base for
   improved governance, awareness for action – government, business,
   people
 Measuring better to manage better: from indicators to
   accounts
 Beyond the Bottom line: disclosure and compensation
 Changing the incentives: taxes, charges, subsidy reform, markets
 Protected areas: biodiversity riches that can offer value for money
 Ecological infrastructure and benefits: climate change and
   beyond
 Natural capital and poverty reduction: investment for                  …always better to look at
   synergies                                                                 the whole board
 Mainstream the economics of nature: across sectors, across             And engage the full set of
   policies, seek synergies across disciplines.                                  players.
TEEB Implementation                   – some post Nagoya steps

                      TEEB Country & Regional Studies                            Rio+20

      TEEB Brazil, TEEB India, TEEB NL, TEEB Nordics ..                         CBD COP11

                                TEEB Integration

      Support for business and biodiversity (indicators, valuation reporting)
                                                                                 RAMSAR
     TEEB for Agriculture; TEEB & Water ….                                       COP 2012

                 Initiatives building on TEEB recommendations
                                                                                 SEEA 2012
      World Bank/UNEP et al 5+5 initiative on National accounts …


                      Science / Economics evidence base

   Quantitative assessment, valuation, Green infrastructure etc


              Parallel track: Similar type work independent of TEEB
Many initiatives that focus on (responding to) the value of nature by range of actors
TEEB and You!

   What is the value of nature in your countries and regions?

     What specific issues are of specific importance to you?

What challenges/issues could natural capital help you to address
                      cost effectively ?

What instruments do you have to respond to the value of nature?

What plans and vision to you have for assessing and integrating
the value of nature into decisions and transforming the way we
             deal with natural capital? For Rio+20 ?
Thank you
                          TEEB Reports available on http://www.teebweb.org/
       The Economics of Ecosystems and Biodiversity in National and International Policy Making and
                                other TEEB books available on Earthscan

            and follow us on http://twitter.com/TEEB4ME & http://www.facebook.com/TEEB4me



                              Patrick ten Brink, ptenbrink@ieep.eu

IEEP is an independent, not-for-profit institute dedicated to the analysis, understanding and
                     promotion of policies for a sustainable environment.
                                        www.ieep.eu

                           The Manual of European Environmental Policy
                            http://www.europeanenvironmentalpolicy.eu/
Contribution to Governance solutions -
Understanding the value of nature
TEEB reports and TEEB Books
  TEEB Interim        Climate Issues        TEEB for Policy
                                                                            TEEB Foundations                                    Book announcement:
Report (May 2008)   Update (Sept. 2009)    Makers (Nov 2009)
                                                                               (Oct. 2010)                               The Economics of Ecosystems and
                                                                                                                      Biodiversity in National and International
                                                                                                                     Policy Making now available from Earthscan




TEEB for Business     TEEB for Local        TEEB Synthesis
   (July 2010)       Policy (Sept. 2010)      (Oct. 2010)
                                                                 Edited By Pushpam Kumar (Univ. of Liverpool)

                                                                  'A landmark study on one of the most pressing
                                                               problems facing society, balancing economic growth
                                                                and ecological protection to achieve a sustainable
                                                                                     future.‘

                                                                   Simon Levin, Moffett Professor of Biology,
                                                                  Department of Ecology and Ev olution Behav iour,
                                                                           Princeton Univ ersity , USA



                                                                                      Edited By Patrick ten Brink (Institute for European environmental Policy, IEEP)
                                                                          'This work is a landmark. It shows not only that we have been extraordinarily wasteful,
                                                                      destructive and inefficient in our treatment of the natural environment but also how careful
                                                                        analysis and measurement can help us change our ways towards a more productive and
                                                                    responsible relationship with our environment. It provides a fundamental contribution which
  TEEB Reports: http://www.teebweb.org/                          shows how careful attention to ecosystems and biodiversity can help guide our response to the
                                                                     two defining challenges of our century: managing climate change and overcoming poverty.‘
  Summaries (in range of languages) and chapters
                                                                                                                 Professor Nicholas Stern, London School of Economics

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Presentation on TEEB mainly in Russian

  • 1. The Economics of Ecosystems and Biodiversity - TEEB Patrick ten Brink TEEB for Policy Makers Co-ordinator Head of Brussels Office Institute for European Environmental Policy (IEEP ) International conference "Integration of the ecosystem services in the economy NIS" 28-29 March 2011, settlement Dubrovsky, Moscow Region 1
  • 2. ТЕЕВ: возникновение, цели и прогресс G8+5 “Потсдамская инициатива - Биоразнообразие 2010” Potsdam 1)Экономическое значение глобальных потерь биоразнообразия Важность осознания, демонстрации и отношения к на ценности природы Участвуют: ~500 авторов, получены отзывы со всего миру TEEB End User Reports Brussels Interim Climate 2009, London 2010 Report Issues Update TEEB TEEB CBD COP11 Synthesis Books Delhi Ecol./Env. Economics National literature TEEB Work Sectoral CBD COP 9 Input to TEEB Bonn 2008 UNFCCC 2009 work India, Brazil, Belgium, Et al. Japan & South Africa Sept. 2010 Rio+20 Brazil BD COP 10 Nagoya, Oct 2010
  • 3. Конвенция ООН о биоразнообразии (КБР) определяет биоразнообразие как «паутину жизни» • Разнообразие видов - растения, животные и микроорганизмы • Генетическое разнообразие внутри каждого вида – например, сортов с/х культур и пород домашнего скота • Разнообразие экосистем – например, пустыни, леса, болота, горы, озера, реки и с/х ландшафты Биоразнообразие и его ценость влияет на разнообразие (фармацевтика, продовольственная безопасность), а также на количество (захоронение углерода, рыбные запасы, защита от наводнений, древесина, сохранение воды) и на качество (пейзаж и туризм)
  • 4. Путь от структуры и функционирования экосистем к благосостоянию человека
  • 5. Valuation and policy making: from valuing natural assets to decisions “Я уверен, что большая часть несчастий Человечества вызвана неверной оценкой ценности вещей.” Бенджамин Франклин, 1706-1790
  • 6. Ключевые вопросы Ценность биоразнообразия и экосистем не учтена • Многие не знают (но ситуация меняется); большой недостаток осведомленности • Они как правило не интегрированы в экономические сигналы, в рынки – поэтому экономика обычно не решение • Их ценность систематически не принимается в расчет при оценках и принятии решений • Ценность природы не отражена ни в национальной экономике, ни в ведущих макро-экономических индикаторах Существенные пробелы в данных для принятия решений; неверное понимание правильных решений для страны /города/ бизнеса и слабая поддержка действия Отсутствие политической воли или убеждения для запуска Утрата биоразнообразия продолжается – разрушая природный капитал, не понимая его ценности
  • 7. Valuation and policy making: from valuing natural assets to decisions “There is a renaissance underway, in which people are waking up to the tremendous values of natural capital and devising ingenious ways of incorporating these values into major resource decisions.” Gretchen Daily, Stanford University Book announcement: The Economics of Ecosystems and TEEB Reports: http://www.teebweb.org/ Biodiversity in National and International Policy Making now Summaries (in range of languages) and chapters available from Earthscan
  • 8. TEEB для лиц, принимающих решения Глобальный кризис биоразнообразия • Природный капитал и потери биоразнообразия • Экономические выгоды и потери • Социальная характеристика Измеряя то, чем мы владеем •Индикаторы •Счета •Оценки Доступные решения • Рынки/цены/стимулы • Регуляция: стандарты • Регуляция: планирование, ООПТ • Инвестиции (рукотворный и природный капиталы) Осознание ценности природы http://www.teebweb.org/
  • 9.
  • 10. Различные выгоды от экосистем Ресурсные услуги Много услуг из одного источника • Пища, древесина, топливо • Вода • Генетические ресурсы Регулирующие услуги • Климатческая регуляция • Очистка воды • Очитска воздуха • Эрозионный контроль • Смягчение природных явлений • Опыление • Биологический контроль Культурные услуги • Эстетическая ценность, рекреация и туризм • Культурная и духовная ценность Поддерживающие услуги Important to appreciate the whole set of eco-system • Почвообразование services & take into account in decisions Not only after they have been lost and oft costly substitutes + Способность к восстановлению needed
  • 11. Evidence base - Assessing values and actions Assessing the value of working with natural capital has helped determine where ecosystems can provide goods and services at lower cost than by man-made technological alternatives and where they can lead to significant savings • USA-NY: Catskills-Delaware watershed for NY: PES/working with nature saves money (~5US$bn) • New Zealand: Te Papanui Park - water supply to hydropower, Dunedin city, farmers (~$136m) • Mexico: PSAH to forest owners, aquifer recharge, water quality, deforestation, poverty (~US$303m) • France & Belgium: Priv. Sector: Vittel (Mineral water) PES & Rochefort (Beer) PES for water quality • Venezuela: PA helps avoid potential replacement costs of hydro dams (~US$90-$134m over 30yr) • Vietnam restoring/investing in Mangroves - cheaper than dyke maintenance (~US$: 1m to 7m/yr) • South Africa: WfW public PES to address IAS, avoids costs and provides jobs (~20,000; 52%♀) • Germany : peatland restoration: avoidance cost of CO2 ~ 8 to 12 €/t CO2 (0-4 alt. land use) TEEB implementation: assess where working with nature saves money – for public (city, region, national), private sector, communities and citizens & who, with which collaboration/partnerships can make it happen Sources: various. Mainly in TEEB for National and International Policy Makers, TEEB for local and regional policy and TEEB cases
  • 12. Бенефициары: Общественный сектор (вода – национальный и муниципальный уровни), Общественные блага (леса, биоразнообразие, климат), Частный сектор (вода, энергия), Граждане (количество, качество, цена воды) Сообщества (платежи, рабочие места, экологический капитал и «ВВП бедняков») Решения: инвестиции в сохранение / восстановление, платежи за ЭУ / общественые программы, ООПТ Сотрудничество: Вода – доступность/количество, качество, Климат – смягчение и адаптации Создание рабочих мест Безоспасность – природные явления, вода, энергетика Финансы Индустриальная политика – энергетика, вода, лес, с/х Бедность and in each case : biodiversity. TEEB implementation: understand beneficiaries, appreciate synergies – build on both
  • 13. Учет общественных благ …может изменить понимание о «правильном» использовании ресурсов US$ Based only on private gain, the “trade- Shrimp Farm /ha/yr off” choice favours conversion….. Mangroves $12,392/ha 10000 $9632/ha After Adding Storm Public protection 5000 Benefits From mangroves $1220/ha Fishery $584/ha nursery $584/ha private profits private private 0 profits profits Net of public less costs of subsidies restoration needed after 5 years If public wealth is included, the “trade-off” choice changes completely….. -ve $11,172/ha Source: Barbier et al, 2007
  • 14. Инструменты основаны на Hydrological services: Aquifer recharge; информации Improved surface water quality, reduce frequency & damage from flooding` Решение: Mexico PSAH: Платежи владельцам леса за его сохранение: упаравлять и не изменять Результат Обезлесение снизилось с 1.6 % до 0.6 %. 18.3 тыс. гектар леса сохранено Предотвращен выброс парниковых газов ~ 3.2 млн. тонн СО2 Reduce Deforestation Address Poverty Munoz 2010); Muñoz-Piña et al. 2008; Muñoz-Piña et al. 2007
  • 15. Multiple Objectives : PSAH Mexico Balance of priorities varied over time An instrument can evolve and respond to Aquifers changing needs Poverty an explicitly integrated objective Has grown in importance A Poverty Water scarcity P W S Deforestation Munoz 2010); Muñoz- Piña et al. 2008 D Mexican PSAH helped by good base data (on aquifers, forests, poverty). A key area of development support could be to help those regions that need it with capacity building, indicators, interrelations (ecological, economic and social systems) & natural capital accounts.
  • 16. TEEB Climate Issues Update Coral reef emergency Forest carbon for climate mitigation National accounting for forest carbon Ecosystem investment for climate adaptation
  • 17. Инвестиции в экологическую инфраструктуру: выгоды • Облесение: захоронение углерода+ снижение риска эрозии & landslides • Болота и леса и снижение риска потопов • Мангровые леса и береговая эрозия и природные катаклизмы • Восстанавливать леса, озера и болота для борьбы с дефицитом воды • Коралловые рифы как рыбные фабрики для рыбных ресурсов / продовольственной безопасности • ООПТ и связи способствуют устойчивости экосистем и видов Potential for lower cost adaption to climate change and policy synergies Adaptation to climate change will receive hundreds of US$ billions in coming years/decades. Critically important that this be cost-effective. Support for identifying where natural capital solutions are appropriate & invest.
  • 18. TEEB Synthesis Report …is this enough to work out what to do?  Making Natures Values Visible: improved evidence base for improved governance, awareness for action – government, business, people  Measuring better to manage better: from indicators to accounts  Beyond the Bottom line: disclosure and compensation  Changing the incentives: taxes, charges, subsidy reform, markets  Protected areas: biodiversity riches that can offer value for money  Ecological infrastructure and benefits: climate change and beyond  Natural capital and poverty reduction: investment for …always better to look at synergies the whole board  Mainstream the economics of nature: across sectors, across And engage the full set of policies, seek synergies across disciplines. players.
  • 19. TEEB Implementation – some post Nagoya steps TEEB Country & Regional Studies Rio+20 TEEB Brazil, TEEB India, TEEB NL, TEEB Nordics .. CBD COP11 TEEB Integration Support for business and biodiversity (indicators, valuation reporting) RAMSAR TEEB for Agriculture; TEEB & Water …. COP 2012 Initiatives building on TEEB recommendations SEEA 2012 World Bank/UNEP et al 5+5 initiative on National accounts … Science / Economics evidence base Quantitative assessment, valuation, Green infrastructure etc Parallel track: Similar type work independent of TEEB Many initiatives that focus on (responding to) the value of nature by range of actors
  • 20. TEEB and You! What is the value of nature in your countries and regions? What specific issues are of specific importance to you? What challenges/issues could natural capital help you to address cost effectively ? What instruments do you have to respond to the value of nature? What plans and vision to you have for assessing and integrating the value of nature into decisions and transforming the way we deal with natural capital? For Rio+20 ?
  • 21. Thank you TEEB Reports available on http://www.teebweb.org/ The Economics of Ecosystems and Biodiversity in National and International Policy Making and other TEEB books available on Earthscan and follow us on http://twitter.com/TEEB4ME & http://www.facebook.com/TEEB4me Patrick ten Brink, ptenbrink@ieep.eu IEEP is an independent, not-for-profit institute dedicated to the analysis, understanding and promotion of policies for a sustainable environment. www.ieep.eu The Manual of European Environmental Policy http://www.europeanenvironmentalpolicy.eu/
  • 22. Contribution to Governance solutions - Understanding the value of nature TEEB reports and TEEB Books TEEB Interim Climate Issues TEEB for Policy TEEB Foundations Book announcement: Report (May 2008) Update (Sept. 2009) Makers (Nov 2009) (Oct. 2010) The Economics of Ecosystems and Biodiversity in National and International Policy Making now available from Earthscan TEEB for Business TEEB for Local TEEB Synthesis (July 2010) Policy (Sept. 2010) (Oct. 2010) Edited By Pushpam Kumar (Univ. of Liverpool) 'A landmark study on one of the most pressing problems facing society, balancing economic growth and ecological protection to achieve a sustainable future.‘ Simon Levin, Moffett Professor of Biology, Department of Ecology and Ev olution Behav iour, Princeton Univ ersity , USA Edited By Patrick ten Brink (Institute for European environmental Policy, IEEP) 'This work is a landmark. It shows not only that we have been extraordinarily wasteful, destructive and inefficient in our treatment of the natural environment but also how careful analysis and measurement can help us change our ways towards a more productive and responsible relationship with our environment. It provides a fundamental contribution which TEEB Reports: http://www.teebweb.org/ shows how careful attention to ecosystems and biodiversity can help guide our response to the two defining challenges of our century: managing climate change and overcoming poverty.‘ Summaries (in range of languages) and chapters Professor Nicholas Stern, London School of Economics