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

1. A

   1 and 2 only

   Statement 1 says TEEB is hosted by UNEP, IMF and the World Economic Forum, and statement 2 is the biodiversity-economics focus. Statement 1 is incorrect: TEEB is a UNEP-hosted study initiated by Germany and the European Commission, not a joint UNEP–IMF–WEF host arrangement. Pairing 1 with 2 therefore cannot be the key.

2. B

   3 only

   Statement 3 alone is that TEEB helps decision-makers recognise, demonstrate and capture the value of ecosystems. That statement is correct, but statement 2 is also correct, so 3 only is incomplete and not the key.

3. C

   2 and 3 only

   Statement 2 is correct: TEEB is a global initiative that draws attention to the economic benefits of biodiversity and the costs of its loss. Statement 3 is also correct: it offers a stepwise approach so that governments and firms can recognise, demonstrate and capture ecosystem values in policy and accounts. Statement 1 is false on hosts. Hence 2 and 3 only is the official key.

4. D

   1, 2 and 3

   All three would require the UNEP–IMF–WEF hosting claim to be true. It is not, so 1, 2 and 3 is not the key.

Summary. Official key is (c) 2 and 3 only. TEEB (The Economics of Ecosystems and Biodiversity) highlights the economic case for conserving biodiversity and gives decision-makers a method to value ecosystems. It is associated with UNEP after a G8+5 / German–EC start; IMF and the World Economic Forum are not its hosts. Statement 1 therefore drops out. Statements 2 and 3 together match the initiative’s aim and method.