India launches major new study for valuation of its natural capital and ecosystem services

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Valuing India's green capital
Ramki Sreenivasan
India will be one of the first countries to launch a TEEB study.

The MoEF has initiated a major new programme to value the immense wealth of natural resources and biodiversity in India. Collaborating with The Economics of Ecosystems and Biodiversity (TEEB) study, the Ministry has begun the process of valuating its natural capital and ecosystem services in terms of economic value.

TEEB is a major international initiative to draw attention to the global economic benefits of biodiversity, to highlight the growing costs of biodiversity loss and ecosystem degradation, and to draw together expertise from the fields of science, economics and policy to enable practical actions moving forward.

See attached the Press Brief from the Ministry of Environment and Forests.

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