Category:TEEB

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TEEB / Trucost

• http://www.teebweb.org/

• http://www.teebweb.org/about/

• http://www.trucost.com/publications

The Economics of Ecosystems and Biodiversity (TEEB) is a global initiative focused on “making nature’s values visible”. Its principal objective is to mainstream the values of biodiversity and ecosystem services into decision-making at all levels. It aims to achieve this goal by following a structured approach to valuation that helps decision-makers recognize the wide range of benefits provided by ecosystems and biodiversity, demonstrate their values in economic terms and, where appropriate, suggest how to capture those values in decision-making...

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"The Economics of Ecosystems and Biodiversity"

NATURAL CAPITAL AT RISK

THE TOP 100 EXTERNALITIES OF BUSINESS

http://www.trucost.com/_uploads/publishedResearch/TEEB%20Final%20Report%20-%20web%20SPv2.pdf

GLOSSARY

TERM, ACRONYM OR ABBREVIATION MEANING

Abatement cost / Cost of reducing an environmental impact.

Benefits transfer / Technique by which an environmental value is transferred from one location to another.

Cost of capital / The cost of equity, and long and short-term debt.

Direct environmental impacts / Impacts from a company's own operations.

Ecosystem / Dynamic complex of plant, animal and micro-organism communities and their non-living environment interacting as a functional unit. Together with deposits of non-renewable resources they constitute 'natural capital'.

Ecosystem services / Goods (renewable resources such as water and food) and services (such as pollination and purification of water) provided by specific ecosystems to humans. An overview is available at URL: http://www.teebweb.org/resources/ecosystem-services.

EEIO / Environmentally extended input-output model; a model that maps the flow of inputs and environmental impacts through an economy.

EKPI / Environmental Key Performance indicator; environmental impact categories developed by Trucost for appraisal of businesses, sectors and regions.

Emissions factor / Unit of an environmental impact per unit of physical production.

Environmental value / The value to people from environmental goods and services. Where no market price exists, it can be estimated in monetary terms by using environmental valuation methods.

External cost / Cost borne by third parties not taking part in an economic activity.

FAO / Food and Agriculture Organization of the United Nations.

GHG / Greenhouse gas.

Gross value-added / The difference between the output value and raw material input costs for a sector or product.

IEA / International Energy Agency.

Impact / Environmental impact either in physical units or as a monetary value (cost).

Impact ratio / Natural capital cost as a percentage of monetary output (revenue).

Indirect environmental impacts / Impacts from a company’s supply chain (this study has focused on upstream as opposed to product-use or downstream impacts).

Internal cost / Cost borne by parties taking part in an economic activity.

Internalize / When external costs are privatized to the creator of those costs e.g. a polluter

IRWR / Internal Renewable Water Resource; long-term average annual flow of rivers and recharge of aquifers generated from endogenous precipitation.

KWh / A unit of energy equivalent to one kilowatt (1 kW) of power expended for one hour (1 h) of time.

MWh / A unit of energy equivalent to one megawatt (1 MW) of power expended for one hour (1 h) of time.

Natural capital / The finite stock of natural assets (air, water and land) from which goods and services flow to benefit society and the economy. It is made up of ecosystems (providing renewable resources and services), and non-renewable deposits of fossil fuels and minerals.

PM / Particulate matter.

Region-sector / An industry sector broken down by region. Regions have been defined according to the United Nations continental sub-regional definitions

(Available at URL: http://unstats.un.org/unsd/methods/m49/m49regin.htm)

Renewable water resource / Surface flow and recharged groundwater available to an area.

Social cost / Cost to society as a whole of an action, such as an economic activity, equal to the sum of internal costs plus external costs.

TEEB / The Economics of Ecosystems and Biodiversity.

U.S. EPA / United States Environmental Protection Agency.

Water scarcity / Percentage of the annually renewable water resource used in a particular area.