The EU B@B platform for Business and Biodiversity provides a platform to strengthen the links between business and biodiversity. By working with business, it aims to develop tools and approaches that integrate biodiversity considerations into business practice. It also helps to coordinate innovative national and international initiatives, and showcases business best practices at EU level.
The European Business Awards for the Environment have also been established to acknowledge outstanding performance.
The EU biodiversity overseas is exceptionally rich. The Biodiversity and Ecosystem Services in Territories of European Overseas (BEST) initiative contributes towards a swifter, easier access to funding for the protection of biodiversity and the sustainable use of ecosystem services.
We depend upon "ecosystem services" provided by nature for free. Services like freshwater, fertile soil, clean air, fisheries and timber. Setting a price on natural capital may appear callous. If we can demonstrate the value of nature in economic terms, it can help everyone reach decisions that consider the full costs and benefits of the proposed use of an ecosystem, rather than just the costs that enter markets in the form of private goods. The EU supports the Economics of Ecosystems and Biodiversity initiative, both within the EU and in developing countries.
A legal framework exists for countries all over the world to protect biodiversity together: the European Union is a party to the Convention on Biological Diversity, its commitments are reflected in the EU Biodiversity Strategy and the European Commission is encouraging synergies with other conventions.
The Emerald Network of areas of Special Conservation Interest was set up under the Bern Convention to supplement the Natura 2000 Network in non-Community countries. In the period 2009-2011, the European Commission and the Council of Europe implemented a joint programme to set up the Emerald Network in seven countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine and the European part of the Russian Federation.