In this report, they assessed the economic magnitude of the human welfare impacts of losing natural areas, especially forests. They described in economic terms the fundamental links between eliminating poverty and conserving biodiversity and ecosystems. They highlighted ethical issues underlying the choice of discount rates to evaluate the benefits of wild nature for human welfare. They also prepared the ground for phase 2 of teeb with some preliminary analysis of the policy implications of available economic evidence.
TEEB Climate Issues Update. September 2009. TEEB web site and report.
