Investments to reverse biodiversity loss are economically beneficial

U. Rashid Sumaila, Carlos Manuel Rodriguez, Maria Schultz, Ravi Sharma, Tristan D. Tyrrell, Hillary Masundire, A. Damodaran, Mariana Bellot-Rojas, Rina Maria P. Rosales, Tae Yong Jung, Valerie Hickey, Tone Solhaug, James Vause, Jamison Ervin, Sarah Smith, Matt Rayment

Research output: Contribution to journalReview article

4 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)82-88
Number of pages7
JournalCurrent Opinion in Environmental Sustainability
Volume29
DOIs
Publication statusPublished - 2017 Dec

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Social Sciences(all)

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    Sumaila, U. 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. https://doi.org/10.1016/j.cosust.2018.01.007