Significant changes in climate are already visible globally, and are expected to become more pronounced in the future. These will lead to wide ranging impacts on the natural and man-made environment across different sectors and regions, which in turn will lead to economic costs. These economic...

At the 2007 meeting of the environment ministers of the G8+5 in Potsdam, Germany, the European Commission launched The Economics of Ecosystems and Biodiversity (TEEB) study. Its aim is to assess the economic repercussions of global biodiversity loss. TEEB has reinforced the need for the...