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TEEB
The Economics of Ecosystems and Biodiversity (TEEB) was a study led by Pavan Sukhdev from 2007 to 2011. It is an international initiative to draw attention to the global economic benefits of biodiversity. Its objective is to highlight the growing cost of biodiversity loss and ecosystem degradation and to draw together expertise from the fields of science, economics and policy to enable practical actions. TEEB aims to assess, communicate and mainstream the urgency of actions through its five deliverables—D0: science and economic foundations, policy costs and costs of inaction, D1: policy opportunities for national and international policy-makers, D2: decision support for local administrators, D3: business risks, opportunities and metrics and D4: citizen and consumer ownership. One motive for the study was to establish an objective global standard basis for natural capital accounting. Estimates establish the cost of biodiversity and ecosystem damage expected to cost 18% of glo ...
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Pavan Sukhdev
Pavan Sukhdev is an Indian environmental economist whose field of studies include green economy and international finance. He was the Special Adviser and Head of UNEP's Green Economy Initiative, a major UN project suite to demonstrate that greening of economies is not a burden on growth but rather a new engine for growing wealth, increasing decent employment, and reducing persistent poverty. Pavan was also the Study Leader for the ground breaking TEEB (The Economics of Ecosystems and Biodiversity) study commissioned by G8+5 and hosted by UNEP. Under his leadership, TEEB sized the global problem of biodiversity loss and ecosystem degradation in economic and human welfare terms, and proposed solutions targeted at policy-makers, administrators, businesses and citizens. TEEB presented its widely acclaimed Final Report suite at the UN meeting by Convention on Biological Diversity (CBD) in Nagoya (Nagoya Protocol), Japan. He is the Founder-CEO of GIST Advisory, a specialist consultin ...
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Natural Capital Accounting
Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region."Natural Capital"
"Pembina Institute", 2008
Accounting for such goods may occur in physical or monetary terms. This process can subsequently inform government, corporate and consumer decision making as each relates to the use or consumption of natural resources and land, and sustainable behaviour.


Methods of accounting

There are several methods of accounting which aim to address the issue of sustainability. These are: large and eclectic Dashboard (business), dashboards; composite (finance), composite indices; indices focusing on overconsumption; adjusted economic indicators.


Large and eclectic dashboards

These d ...
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Achim Steiner
Achim Steiner (born 17 May 1961) is a Brazilian-born environmentalist who currently serves as the administrator of the United Nations Development Programme and chairman of United Nations Sustainable Development Group. Before joining UNDP, he was executive director of the United Nations Environment Programme UNEP (2006–2016), and director of the Oxford Martin School (2016–2017). He has also served as director general of the International Union for Conservation of Nature (IUCN) and secretary-general of the World Commission on Dams. Early life and education The son of a German farmer who had emigrated to Rio Grande do Sul, Achim Steiner was born in Brazil in 1961 and holds German as well as Brazilian citizenship. He went to school in Carazinho and at Dover College. He obtained a bachelor's degree from Worcester College of the University of Oxford and a master's degree from the School of Oriental and African Studies (SOAS) of the University of London, specializing in developmen ...
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Natural Capital
Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible. It is an extension of the economic notion of capital (resources which enable the production of more resources) to goods and services provided by the natural environment. For example, a well-maintained forest or river may provide an indefinitely sustainable flow of new trees or fish, whereas over-use of those resources may lead to a permanent decline in timber availability or fish stocks. Natural capital also provides people with essential services, like water catchment, erosion control and crop pollination by insects, which in turn ensure the long-term viability of other natural resources. Since the continuous supply of services from the available natural capital as ...
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Julia Marton-Lefèvre
Julia Marton-Lefèvre (1946, Budapest) is a French - US environmentalist and academic. She studied history, ecology and environmental planning in the US and in France, and was born in Hungary. Career She was Director General of IUCN, the International Union for Conservation of Nature, from 2007 to mid January 2015. Prior to this, Marton-Lefèvre was Rector of the University for Peace (UPEACE), a graduate-level international university, mandated by the United Nations, providing education, training and research on issues related to peace and conflict. Earlier offices held by Marton-Lefèvre include Executive Director oLEAD (Leadership for Environment and Development) International, a programme established by The Rockefeller Foundation to bring together and train mid-career leaders from all parts of the world in improving their leadership skills around the issues of sustainable development, and Executive Director of the International Council for Science (then known as ICSU). She ...
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Bank Of Natural Capital
The Bank of Natural Capital is an educational initiative associated with The Economics of Ecosystems and Biodiversity (TEEB) to communicate natural capital investment and value theory related to what are sometimes called " economic intangibles" to the global public, in particular the direct economic and financial value of ecosystem services Ecosystem services are the many and varied benefits to humans provided by the natural environment and healthy ecosystems. Such ecosystems include, for example, agroecosystems, forest ecosystem, grassland ecosystems, and aquatic ecosystems. Th ... to man. It encapsulates the idea that the natural world is defined as capital and something to profit on through a capitalist society, saying 'we pay for things we find valuable'. The capitalist construction of nature as something with a value will lead to, as already apparent its over-abstraction and system collapse. References Economics of sustainability Biodiversity {{ecol-stub ...
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Herman Mulder
Herman Mulder is an institutional adviser, speaker, lecturer and author on sustainable finance issues. He is a pioneer of the Equator Principles, used by banks to voluntarily assess and manage social and environmental risk. Mulder is a co-founder and chairman of the True Price Foundation, member of the Board of the Dutch National Contact Point for the OECD Guidelines for MNE's, and the chairman of the Global Reporting Initiative (GRI), the International Institute of Governance & Leadership (IIGL) and the TEEB Advisory Board. Career In the past, Mulder was a senior executive vice-president at ABN AMRO (1998–2006), and is now an independent board member with a focus on sustainable development issues. During his career at ABN Amro, he held a position in relationship management (notably energy), structured finance. From 1998 he served as Senior Executive Vice President (SEVP), Head of Group Risk Management, and Co-chair of the Group Risk Committee. He initiated and coordinated th ...
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International Union For Conservation Of Nature
The International Union for Conservation of Nature (IUCN; officially International Union for Conservation of Nature and Natural Resources) is an international organization working in the field of nature conservation and sustainable use of natural resources. It is involved in data gathering and analysis, research, field projects, advocacy, and education. IUCN's mission is to "influence, encourage and assist societies throughout the world to conserve nature and to ensure that any use of natural resources is equitable and ecologically sustainable". Over the past decades, IUCN has widened its focus beyond conservation ecology and now incorporates issues related to sustainable development in its projects. IUCN does not itself aim to mobilize the public in support of nature conservation. It tries to influence the actions of governments, business and other stakeholders by providing information and advice and through building partnerships. The organization is best known to the wider pu ...
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Grantham Research Institute On Climate Change And The Environment
The Grantham Research Institute on Climate Change and the Environment is a research institute at the London School of Economics and Political Science founded in May 2008. The centre is a partner of the Grantham Institute for Climate Change at Imperial College and acts as an umbrella body for LSE's overall research contributions to the field of climate change and its impact on the environment. Furthermore, the institute oversees the activities of the Centre for Climate Change Economics and Policy (CCCEP), a partnership between LSE and the University of Leeds. The institute is currently chaired by Lord Nicholas Stern of Brentford, former Chief Economist of the World Bank and author of the widely known Stern Review. Bob Ward is the policy and communications director. History Both Grantham research centres are sponsored through the Grantham Foundation for the Protection of the Environment, established by Hannelore and Jeremy Grantham in 1997. The combined investments totalling app ...
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Ecosystem
An ecosystem (or ecological system) consists of all the organisms and the physical environment with which they interact. These biotic and abiotic components are linked together through nutrient cycles and energy flows. Energy enters the system through photosynthesis and is incorporated into plant tissue. By feeding on plants and on one another, animals play an important role in the movement of matter and energy through the system. They also influence the quantity of plant and microbial biomass present. By breaking down dead organic matter, decomposers release carbon back to the atmosphere and facilitate nutrient cycling by converting nutrients stored in dead biomass back to a form that can be readily used by plants and microbes. Ecosystems are controlled by external and internal factors. External factors such as climate, parent material which forms the soil and topography, control the overall structure of an ecosystem but are not themselves influenced by the ecosystem. ...
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Nicholas Stern, Baron Stern Of Brentford
Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE), and 2010 Professor of Collège de France. He was President of the British Academy from 2013 to 2017, and was elected Fellow of the Royal Society in 2014. Education After attending Latymer Upper School, Stern studied the Mathematical Tripos and was awarded a Bachelor of Arts degree in maths at Peterhouse, Cambridge in 1967. His doctorate in economics (DPhilEcon) at Nuffield College, Oxford, with thesis on the rate of economic development and the theory of optimum planning in 1971 was supervised by James Mirrlees, winner of 1996's Nobel Prize in Economics. Career and research 1970–2007 He was a lecturer at the University of Oxford from 1970 to 1977 and served a ...
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Ahmed Djoghlaf
Ahmed Djoghlaf (born 25 November 1953 in Algiers), was the executive secretary of the Convention on Biological Diversity under the United Nations Environment Programme (UNEP) until 2012. As Executive Secretary of the Convention, he had a key role in the field of sustainable development and protection of global biodiversity. He was formerly the Assistant Executive Director of UNEP and Director of the Division of the Global Environment Facility Coordination. He studied at, among others, the Nancy-Université, France (PhD in political sciences), St. John's University, New York (Master of Arts, Government and Politics), Université Lille Nord de France (Master of Political Sciences and Information Sciences) and the University of Algiers (Law degree). He is a Councillor of the World Future Council The World Future Council (WFC) is a German non-profit foundation with its headquarters in Hamburg. It works to pass on a healthy and sustainable planet with just and peaceful societie ...
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