Abstract
The United Nations Millennium Ecosystem Assessment (2005) warned that human activities have induced dramatic degradation in biodiversity and serious loss of ecosystem services. It stated that biodiversity needed to be addressed at the global level. Considering the significance of the relation between biodiversity and socioeconomic systems, recent studies have scaled up the economic approach to biodiversity. One of the events that pushed the intertwined issues of biodiversity and economy onto the global agenda of international environmental policy was the G8 Environment Ministers Meeting held in 2007 where reference was made to the economic significance of the global loss of biological diversity. In response, the European Union (EU) and the German government-led “The Economics of Ecosystems and Biodiversity (TEEB): An Interim Report” (TEEB 2008) was announced in May 2008, drawing global attention as the “Stern Review” of biodiversity. It had been intensively compiling economic findings worldwide for the final synthesis report to be presented at the Tenth Conference of the Parties to the UN Convention on Biological Diversity (CBD-COP10) in 2010.
Published Version
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