Which initiative emphasizes “making nature's values visible” in decision-making?

The initiative that emphasizes “making nature's values visible” in decision-making is The Economics of Ecosystems and Biodiversity (TEEB). TEEB is a global initiative focused on drawing attention to the economic benefits of biodiversity, highlighting how ecosystems provide valuable services that are often overlooked in traditional economic assessments. By making the economic value of natural resources and ecosystems explicit, TEEB encourages decision-makers to consider environmental implications in their policies and business strategies, ultimately fostering more sustainable outcomes.

Through its framework, TEEB promotes the integration of ecological and economic considerations, enabling stakeholders to recognize the tangible and intangible benefits of biodiversity. This initiative supports the idea that when the value of nature is clearly understood and documented, it can lead to better conservation efforts, more informed policy decisions, and sustainable development practices that balance economic growth with ecological health. This focus on visibility ensures that natural capital is taken into account, influencing how resources are allocated and managed in society.