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They want to start paying Mother Nature for all her efforts

Although the global system is built on buying and selling, it is often the most basic life-sustaining product or service: drinking water, growing soil, breathing clean air, and controlling the climate. No one pays for it.

According to us, continuing to ignore the value of nature in our world economy threatens humanity itself. Independent report on biodiversity and economics, Commissioned by the British Government, issued on Tuesday. This study, led by Cambridge University economist Partha Dasgupta, is the first comprehensive review of its kind.

“Even while we are enjoying the fruits of economic growth, the demand we have made for natural goods and services will supply them on a sustainable basis for decades. We’ve exceeded our capabilities, “said Dr. Dasgupta. “The gap is widening and threatening the lives of our offspring.”

For many, nature has intangible or spiritual value that cannot be measured, the report states. However, natural services to humans have been taken for granted in our world economy, primarily because they are generally freely available. Humans are farming, fishing, poaching, logging, mining and burning fossil fuels, causing biodiversity disruption.As much as possible One million species of flora and fauna are at risk Disappear and World leaders are failing to act..

Beyond the intangible loss that occurs when a species disappears, this biodiversity erosion poses a concrete threat to humankind.

“Just as diversity within a portfolio of financial assets reduces risk and uncertainty, diversity within a portfolio of natural resources enhances the resilience of nature to withstand shocks,” said Dr. Dasgupta. It was. “At the world level, climate change and Covid-19 underscore the loss of natural resilience.”

Economically, the report reconstructs nature itself as an asset. It provides a new economic model for leaders around the world to make calculations that take into account the benefits of nature. For example, wetlands protect against floods and flark stores large amounts of carbon.

Matthew E. Kahn, an environmental economist at Johns Hopkins University, said: “When I go to Starbucks, Starbucks wants to pay for that cup of coffee. Mother Nature offers the service, but she doesn’t require a series of payments.”

Prime Minister Boris Johnson, Prince Charles and David Attenborough praised the project and called for action in a report released on Tuesday.

“It’s totally crazy to keep going this way,” said Prince Charles. “Sir Parsadas Gupta’s original review is a phrase that encourages actions we must be aware of. For all of you, it is under our supervision and must not fail.”

The solution begins with understanding that our economy is embedded in nature, not outside it. Gross domestic product does not take into account the depreciation of assets, including environmental assets, so we need to change the way we measure economic success. “As a key measure of our economic success, it encourages us to pursue unsustainable economic growth and development,” the author writes.

The report states that international arrangements are needed to control the specific environment on which the entire planet depends. Leaders are urged to explore a national payment system to protect important ecosystems such as the rainforests that store carbon, regulate climate and foster biodiversity. Fees may be levied on the use of cross-border ecosystems, such as fishing on the high seas, and international cooperation may ban fishing in ecosystem-sensitive areas.

The report will be published prior to the United Nations Conference on Biodiversity later this year. Environmentalists want an international agreement to combat biodiversity loss, similar to the Paris Agreement on climate change. The United States, with the exception of the Vatican, is the only state in the world that is not a party to the basic UN Convention on Biodiversity.

Conservation groups praised the report.

“The idea that we are part of nature and that natural capital is an asset that needs to be managed in a sustainable way is not surprising to indigenous communities that have valued nature for many years.” Brian O’Donnell, director of the campaign, said. Nature. “But for those who have adopted an economic system based on infinite growth, it requires a radical rethinking of how” progress “is evaluated and measured. “

They want to start paying Mother Nature for all her efforts

Source link They want to start paying Mother Nature for all her efforts

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