With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’,
which of the following statements is/are correct?
1. It is an initiative hosted by UNEP, IMF and World Economic Forum.
2. It is a global initiative that focuses on drawing attention to the economic benefits of
biodiversity.
3. It presents an approach that can help decision-makers recognize, demonstrate and capture
the value of ecosystems and biodiversity.
Select the correct answer using the code given below.