PtB of IEEP Presentation on The Economics of Ecosystems and Biodiversity TEEB The Science and Economics 22 September 2008 Prague

The document discusses the critical decline of biodiversity and ecosystems since 1700, emphasizing the urgent need for action due to significant ecological and economic losses. It outlines the valuation of ecosystem services and the consequences of inaction, estimating the welfare losses from biodiversity loss could reach 14 trillion euros by 2050, affecting 7% of projected global GDP. Moreover, it presents various ecosystem services provided by natural habitats and the importance of preserving these resources for societal benefits.