Landmark Report Measures Economic Wealth of Nature

Our economies, livelihoods and wellbeing all depend on our most precious asset: nature. We are part of nature, not separate from it.” These are the opening lines of a newly published landmark review of the economics of biodiversity.

The Dasgupta review concludes: “To detach nature from economic reasoning is to imply that we consider ourselves to be external to nature. The fault is not in economics; it lies in the way we have chosen to practise it. Transformative change is possible.”

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The UK Government has published an independent review that provides a global assessment of the economic benefits of biodiversity and the costs of biodiversity loss, and recommends actions to simultaneously enhance biodiversity and deliver economic prosperity.

The final publication titled, ‘The Economics of Biodiversity: the Dasgupta Review,’ was issued ahead of the 15th meeting of the Conference of the Parties (COP 15) to the Convention on Biological Diversity (CBD). The report argues that natural capital, long ignored by economic thought, should be viewed as an asset, like produced and human capital.

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The report recommends enhancing management of protected areas, increasing investment in Nature-based solutions. Our team has positioned ourselves to support various industries activate natural wealth that is embedded in your business and municipal assets.

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Sources: https://www.theguardian.com/environment/2021/feb/02/economics-of-biodiversity-review-what-are-the-recommendations