Background:
The project “True Value Accounting: Making the Economic Case for Food Systems Transformation in India and Kenya” (2023–2027), led by UNEP and funded by the IKEA Foundation, aims to support sustainable and nature-positive food systems in India and Kenya. It is based on the idea that many environmental and social impacts within agri-food systems are currently overlooked in decision-making, and that valuing these impacts can help justify pro-nature policies. In India, the project focuses on integrating biodiversity and ecosystem-based economic valuation into state-level policies and agricultural planning.
Key outcomes include:
1. Adoption of policies and regulations supporting sustainable food systems using the TEEBAgriFood framework.
2. Increased responsibility of agri-businesses in addressing their environmental and social impacts.
3. Greater advocacy and adoption of sustainable practices by farmers, communities, civil society, and media.
The overall objective of the project is to make an economic case for pro-nature policies on agriculture by undertaking a study process for The Economics of Ecosystems and Biodiversity for Agriculture and Food (TEEBAgriFood) Initiative in Assam, India (henceforth ‘TEEBAgriFood’). TEEBAgriFood is a science-based approach for evaluating the agriculture and food systems through the consideration of all the costs and benefits associated with them. It is a holistic approach that considers the effects of the food systems on the 4 capitals: a) Natural Capital: b) Social Capital: c) Human Capital; and d) Produced Capital
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