It was October 2006 when Nicholas Stern published his review on the economics of climate change for the government. At the time, top climate change economist professor Michael Grubb hailed the report, suggesting that it “finally closes a chasm that has existed for 15 years between the precautionary concerns of scientists, and the cost-benefit views of many economists”. Four years on and many are pinning their hopes on the TEEB report having the same impact on biodiversity.
Read the full story on the Guardian: http://www.guardian.co.uk/sustainable-business/biodiversity-footprint-new-carbon-measurement-management
