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TEEB report puts world's natural assets on the global political radar

, in the International Year for Biodiversity. We expect the TEEB study will deliver significant impacts on global biodiversity policy. To support this new approach, Japan, as COP10 presidency, would like to proactively contribute to national, regional and global initiatives to implement aspects of the TEEB study," said Mr. Hideki Minamikawa, Vice-Minister for Global Environmental Affairs in the Ministry of the Environment Japan.

The TEEB study concludes with the following recommendations:

  1. Public disclosure of --and accountability for --impacts on nature should be essential outcomes of the biodiversity assessment.
  2. The present system of national accounts should be rapidly upgraded to include the value of changes in natural capital stocks and ecosystem service flows.
  3. An urgent priority is to draw up consistent physical accounts for forest stocks and ecosystem services, both of which are required, for example, for the development of new forest carbon mechanisms and incentives.
  4. The annual reports and accounts of business and other organizations should disclose all major externalities, including environmental damage affecting society and changes in natural assets not currently disclosed in the statutory accounts.
  5. The principles of 'No Net Loss' or 'Net Positive Impact' should be considered as normal business practice, using robust biodiversity performance benchmarks and assurance processes to avoid and mitigate damage, together with pro-biodiversity investment to compensate for adverse impacts that cannot be avoided.
  6. The principles of 'polluter pays' and 'full-cost-recovery' are powerful guidelines for the realignment of incentive structures and fiscal reform. In some contexts, the principle of 'beneficiary pays' can be invoked to support new positive incentives such as payments for ecosystem services, tax breaks and other fiscal transfers that aim to encourage private and public sector actors to provide ecosystem serv

Contact: Tilo Arnhold
Helmholtz Association of German Research Centres

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TEEB report puts world's natural assets on the global political radar
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