The Bank of Natural Capital is a website created to communicate the findings of The TEEB Study into The Economics of Ecosystems and Biodiversity (TEEB).
The TEEB Study assessed the global economic costs of ecosystem degradation and biodiversity loss, and recommended solutions to policy makers, administrators, businesses and individuals. It was initiated by the G8 + 5, hosted by UNEP, and is supported by the European Commission, Germany, UK, Netherlands, Norway, Japan and Sweden.
Led by Pavan Sukhdev, the study has drawn together the experience, knowledge and expertise of over 500 experts from science, economics, business, development and policy from all around the world to identify and develop practical actions in response to the growing evidence of the impacts of the loss of biodiversity loss.
Phase I of the study saw the release of the TEEB Interim Report in 2008. This illustrated the magnitude of the economic dimension of biodiversity loss, while Phase II, running until early 2011, seeks to provide recommendations and guidance to help address these problems and consists of a series of reports for distinct end-users:
|TEEB for Ecologists and Economists (TEEB-D0)||TEEB for International & National Policy Makers (TEEB-D1)||TEEB for Local & Regional Policy (TEEB-D2)||TEEB for Business (TEEB-D3)||TEEB Synthesis Report|
The TEEB Synthesis Report was launched at Nagoya Cop-10 and illustrates how the economic concepts and tools described in TEEB can help equip society with the means to incorporate the values of nature into decision-making at all levels. To download these TEEB reports please visit the TEEB study website where you will also find resources for journalists and information about the TEEB team, our study leader, its advisory board and scientific coordinators.
This website, The Bank of Natural Capital, is TEEB’s offer for citizens. Released in late 2010 as part of phase II of the TEEB Study, it tries to communicate the core concepts explored in the study, including why and how we should value nature. For a full list of contributors, please see Contributors.
We have to point out that the Bank of Natural Capital does not, yet, provide either traditional or natural banking services.