The TEEB project highlights the economic invisibility of nature, revealing significant losses in natural capital and the impacts on ecosystem services, biodiversity, and human health. Initiatives like WAVES and companies like PUMA show the importance of recognizing and measuring externalities, while the creation of green carbon markets can pave the way for a more sustainable business environment and help address issues like deforestation and coral reef degradation.
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The TEEB project highlighted the economic invisibility of nature, revealing a loss of natural capital valued at trillions of dollars, impacting vital ecosystem services and human health significantly.
Recognizing and valuing natural capital is crucial for sustainability, as demonstrated by initiatives like WAVES and the need for companies to measure and disclose their externalities, setting a transparency and accountability example for a more sustainable business environment.
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What is the TEEB project?
The TEEB project, initiated in 2007, aims to address the economic invisibility of nature inspired by Lord Stern's stern review.