Investments to reverse biodiversity loss are economically beneficial

Author(s): Sumaila, R., Rodriguez, C.M., Schultz, M., Sharma, R., Tyrrell, T.D., Masundire, H., Damodaran, A., Bellot Rojas, M., Rosales, R.M.P., Jung, T.Y., Hickey, V., Solhaug, T., Vause, J., Ervin, J., Smith, S. & Rayment, M.
In: Current Opinion in Environmental Sustainability 29: 82-88.
Year: 2017
Type: Journal / article
Theme affiliation: Stewardship
Link to centre authors: Schultz, Maria
Full reference: Sumaila, R., Rodriguez, C.M., Schultz, M., Sharma, R., Tyrrell, T.D., Masundire, H., Damodaran, A., Bellot Rojas, M., Rosales, R.M.P., Jung, T.Y., Hickey, V., Solhaug, T., Vause, J., Ervin, J., Smith, S. & Rayment, M. 2017. Investments to reverse biodiversity loss are economically beneficial. Current Opinion in Environmental Sustainability 29: 82-88.

Summary

Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally. First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required.

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