UN: World's natural assets vital to policymaking

Oct 20, 2010 By MALCOLM FOSTER , Associated Press Writer
Some delegates to the 10th meeting of the Conference of the Parties to the Convention on Biological Diversity, or COP10, huddle during lunch break on its opening day in Nagoya, Japan, Monday, Oct. 18, 2010. Delegates from more than 190 nations kicked off the U.N. conference Monday aimed at ensuring the survival of diverse species and ecosystems threatened by pollution, exploitation and habitat encroachment. (AP Photo/Kyodo News, Kazushige Fujikake)

(AP) -- Governments and businesses around the world need to recognize the immense economic value of preserving species and ecosystems and incorporate that into their decision-making, a U.N. report said Wednesday.

The study released at a conference of the U.N. Convention on Biodiversity held in Nagoya, Japan, attempts to show the economic implications of failing to stop the alarming loss of species and ecosystems due to pollution, overexploitation or .

The emphasis on traditional economic measures such as manufacturing, mining and needs to change, the U.N. Environment Program argues in the report, the product of two years of research by thousands of experts.

The failure of policymakers and corporations to take into account the natural capital of "" - such as the role forests play in purifying water or insects in pollinating crops - is contributing to their degradation and putting future generations at risk, it said. The poor, who depend heavily on nature for food and shelter, are particularly vulnerable.

"The time for ignoring biodiversity and persisting with conventional thinking regarding wealth creation and development is over," Pavan Sukhdev, the study leader, said in a statement.

As an example, overexploitation of global fisheries leads to an annual loss of $50 billion every year compared to a more sustainable fishing scenario, the report said. Insect pollinators provided an economic value of 153 billion euros ($211 billion) in 2005, it found.

The report, called The Economics of Ecosystems and Biodiversity, didn't provide an overall estimate of annual global costs from biodiversity loss because not enough data is available from the many different kinds of ecosystems, said Joshua Bishop, chief economist at the International Union for Conservation of Nature who was involved in the study.

Bishop said the process of quantifying biodiversity losses is far more complicated than the British government's Stern Review of climate economics, which estimated the cost of reducing greenhouse gases.

The two-week U.N. conference aims to come up with 20 targets for 2020 to stop or slow this biodiversity loss. Scientists say human activities are driving species extinct at a rate 100 to 1,000 times the historical average and threatening ecosystems.

Environmental groups hope the report will convince government ministers gathering next week to take steps to counter these trends.

"This is building the pressure on the ministers," said Tove Ryding, policy adviser on for Greenpeace. "We're hoping they see this as a strong call for action."

Explore further: New app customizes animal natural history on the go

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

How much is nature worth?

Nov 13, 2009

How much is nature worth? £1 billion? £100 billion? £1 trillion? The loss of our forests and biodiversity in general could cost us between £1.2-2.8 trillion a year, according to Pavan Sukhdev, who is giving ...

Stopping the loss of biodiversity

Sep 14, 2010

Next month, representatives from more than 190 nations will gather in Japan at the Nagoya Biodiversity Summit to develop a global strategy for staunching habitat and biodiversity loss around the world.

Recommended for you

Fruit pest's favorite aromas turned against it

2 hours ago

A blend of odors that attracts spotted wing drosophila (SWD) flies has been developed into a new lure product for improved monitoring and control of these tree-fruit and berry pests.

UN biodiversity meet commits to double funding

Oct 17, 2014

A UN conference on preserving the earth's dwindling resources wrapped up Friday with governments making a firm commitment to double biodiversity aid to developing countries by 2015.

User comments : 0