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 ccosystems and biodiversity. Select the correct answer using the code given below.

Reference [1] states who launched TEEB (Germany and the European Commission) and names its study leader (Pavan Sukhdev), directly addressing TEEB's origin and leadership rather than being hosted by UNEP/IMF/WEF.

High-yield for environment questions: exam items often ask about the origin, sponsoring countries/organizations, and leadership of major global environmental initiatives. Understanding origin helps distinguish sponsoring vs. hosting organizations. Prepare by memorizing launch sponsors and key leaders of flagship initiatives (e.g., TEEB) and practicing source-based elimination.

References [3] and [8] show UNEP acting as lead or convening agency for environmental bodies and hosting consortia (e.g., UNEP-led consortium hosting the Climate Technology Center), which is relevant to evaluating claims about UNEP hosting TEEB.

Important for UPSC: questions probe which UN agencies lead or host specific programs (UNEP, WMO, etc.). Knowing UNEP's recurring hosting/coordination role helps test takers judge plausible attributions and avoids conflating UNEP leadership with initiatives launched by other actors. Build this by cataloguing major UNEP-led centers and their mandates.

Reference [5] characterizes WEF as an international public–private cooperation forum (NGO) headquartered in Geneva, relevant to assessing whether WEF would 'host' initiatives like TEEB in the same way intergovernmental bodies do.

Useful for UPSC when distinguishing types of international actors (UN agencies vs. foundations/NGOs) and their likely roles (hosting, funding, convening). Questions often require mapping organization types to functions; study WEF's mandate and compare with UN agency roles to answer such items reliably.

TEEB is cited explicitly as an international initiative launched by Germany and the European Commission to highlight economic benefits of biodiversity.

High-yield for UPSC questions on international environmental initiatives and reports; connects to topics on biodiversity governance and global policy instruments. Learn origin, objectives, and lead figures (e.g., Pavan Sukhdev) to answer direct and linked questions.

The statement and references link TEEB to drawing attention to the global economic benefits of biodiversity and relate to biodiversity's economic role.

Frequently tested in environment and ecology sections; helps answer questions about rationale for conservation, policy instruments (payments for ecosystem services, valuation studies), and links to sustainable development. Study core examples and policy implications.

Reference shows international actors (Germany, European Commission) launching TEEB; other references show international programmes addressing biodiversity.

Useful for questions on international cooperation, conventions and programmes (how global initiatives originate and influence national policy). Memorise key initiatives, sponsors, and their objectives; relate to negotiations and implementation challenges.

TEEB is explicitly presented as an initiative to highlight economic benefits of biodiversity, which underpins the claim about helping decision-makers recognize and demonstrate value.

High-yield for UPSC: connects biodiversity conservation to economics and policy-making. Useful in questions about valuation frameworks, policy instruments, and international initiatives. Prepare by linking initiative names to their objectives and policy implications.