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With reference to Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES), consider the following statements:
  1. It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services.
  2. It is being implemented only in Brazil, China, India, Mexico and South Africa.
  3. It has been launched by the United Nations Statistics Division and Convention on Biological Diversity.
Which of the statements given above is/are correct?
  • a)
    1 and 3 only
  • b)
    1 only
  • c)
    2 and 3 only
  • d)
    1, 2 and 3 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
With reference to Natural Capital Accounting and Valuation of the Ecos...
  1. Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES) India Forum2021 The NCAVES Project, funded by EU, has been jointly implemented by the United Nations Statistics Division (UNSD), the United Nations Environment Programme (UNEP) and the Secretariat of the Convention of Biological Diversity (CBD). India is one of the five countries taking part in this project - the other countries being Brazil, China, South Africa and Mexico. Hence statement 2 and statement 3 are correct. 
  2. The project funded by the European Union through its Partnership Instrument (PI), aims to 
    • Improving the measurement of ecosystems and their services (both in physical and monetary terms) at the (sub)national level; Hence statement 1 is correct. 
    • Mainstreaming biodiversity and ecosystems at (sub)national level policy planning and implementation; 
    • Contribute to the development of internationally agreed methodology and its use in partner countries;
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Most Upvoted Answer
With reference to Natural Capital Accounting and Valuation of the Ecos...
B) 1 only

NCAVES, or Natural Capital Accounting and Valuation of Ecosystem Services, is an initiative launched by the United Nations Statistics Division and the Convention on Biological Diversity (CBD). It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services.

The correct statement is:

1) It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services.

Explanation:

NCAVES is a global project that aims to strengthen the capacity of countries to assess, account for, and value their ecosystems and ecosystem services. It recognizes the importance of incorporating the value of nature into national accounting systems and decision-making processes. By improving the measurement and valuation of ecosystem services, countries can better understand the economic importance of their natural resources and make informed decisions for sustainable development.

The project is implemented in several countries around the world, not just in Brazil, China, India, Mexico, and South Africa. These countries are part of the initial group of partner countries, but the project is open to other countries as well. The goal is to build a global knowledge network and share best practices in natural capital accounting and valuation.

The second statement, "It is being implemented only in Brazil, China, India, Mexico, and South Africa," is incorrect. NCAVES is a global project and aims to work with countries from different regions to improve their natural capital accounting and valuation practices.

The third statement, "It has been launched by the United Nations Statistics Division and Convention on Biological Diversity," is correct. The project is a joint effort between the United Nations Statistics Division and the Convention on Biological Diversity, highlighting the importance of integrating biodiversity considerations into national accounting systems.

In conclusion, the correct statement is:

a) 1 and 3 only
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With reference to Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES), consider the following statements: It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services. It is being implemented only in Brazil, China, India, Mexico and South Africa. It has been launched by the United Nations Statistics Division and Convention on Biological Diversity.Which of the statements given above is/are correct?a)1 and 3 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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With reference to Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES), consider the following statements: It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services. It is being implemented only in Brazil, China, India, Mexico and South Africa. It has been launched by the United Nations Statistics Division and Convention on Biological Diversity.Which of the statements given above is/are correct?a)1 and 3 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES), consider the following statements: It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services. It is being implemented only in Brazil, China, India, Mexico and South Africa. It has been launched by the United Nations Statistics Division and Convention on Biological Diversity.Which of the statements given above is/are correct?a)1 and 3 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Natural Capital Accounting and Valuation of the Ecosystem Services (NCAVES), consider the following statements: It aims to assist partner countries in improving the monetary measurement of their ecosystems and ecosystem services. It is being implemented only in Brazil, China, India, Mexico and South Africa. It has been launched by the United Nations Statistics Division and Convention on Biological Diversity.Which of the statements given above is/are correct?a)1 and 3 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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