Dr Joshua Bishop, WWF Australia - Presentation - UNAA Vic Natural Capital Seminar
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The document discusses the economic value of biodiversity and ecosystem services, highlighting the need to internalize environmental values in economic policies and business practices. It emphasizes the widespread and escalating environmental damage, particularly affecting marginalized communities and future generations. Methods and tools are increasingly available for measuring and reporting on natural capital, urging governments and companies to recognize and disclose their impacts on the environment.
Dr Joshua Bishop, WWF Australia - Presentation - UNAA Vic Natural Capital Seminar
- 1. The Economics of Ecosystems and Biodiversity (TEEB) www.teebweb.org
- 2. TEEB on a T-shirt (almost) • Biodiversity and ecosystem services (BES or “natural capital”) have significant economic value, even if it is sometimes intangible • Environmental damage is widespread, accelerating, costly and unjust (especially to the poor and to future generations) • Environmental values and damages are economically “invisible” due to externalities, missing property rights, lack of information, etc • Reliable methods are available and increasingly used to measure environmental values in economic / monetary terms, at all levels • Market-based instruments are available and increasingly used by governments to “internalize” the value of nature in economic policy and public investment • Practical tools are available and increasingly used by companies to “mainstream” the value of nature in business strategy and operations 27 September 2012 - 2
- 3. 27 September 2012 - 3
- 4. Selected WWF corporate partners (2011-12)
- 5. Why are we doing this? • Beef and Sugar: The second biggest threat to the Great Barrier Reef is agricultural run-off (Great Barrier Reef Marine Park Authority, 2009) • Forests: 9% of forest product imports to Australia have been linked to illegal logging (Jaakko Pöyry Consulting, 2005) • Palm Oil: Palm oil plantations are the primary cause of permanent rainforest loss in Malaysia and Indonesia (UNEP, 2007) • Seafood: 32% of the world's fish stocks are overexploited, depleted or recovering (FAO, 2010) 27 September 2012 - 5
- 6. Market Transformation: Our approach Finan cial Servic es 27/09/12 - 6
- 7. WWF, Market Standards & Certification Mature Developing Emerging WWF 27 September 2012 - 7
- 8. Natural Capital Declaration “We therefore call upon governments to ... • Require companies to disclose the nature of their dependence and impact on Natural Capital through transparent qualitative and quantitative reporting” 27 September 2012 - 8
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- 11. 27 September 2012 - 11