Biodiversity is the living web of life that supports our planet. Pavan Sukhdev, Study Leader of The Economics of Ecosystems and Biodiversity (TEEB), explains the huge values nature and its services have to the human economy and that the resource inputs, such as food, fuel and fiber, which businesses get from biodiversity, are often for free. According to Sukhdev, businesses need to stop having a free lunch by recognizing, measuring and maintaining ecosystem services.
The Economics of Ecosystems and Biodiversity study drew on expertise from around the world to evaluate the costs of the loss of biodiversity and the associated decline in ecosystem services worldwide, and to compare them with the costs of effective conservation and sustainable use. The intent of the study is to sharpen awareness of the value of biodiversity and ecosystem services and facilitate the development of effective policy, as well as engaged business and citizen responses.