As influential as the Stern Review: Green economy reacts to the Dasgupta biodiversity study
A new landmark review, commissioned by the Government, has suggested that services provided by nature should be assigned an economic value that is used to inform future policy decisions, a move that has been unanimously welcomed by green groups.
The green economy has welcomed the review with open arms
The UK Government commissioned Professor Sir Partha Dasgupta to lead an independent, global Review on the Economics of Biodiversity in Spring 2019. One of the main aims of this review on the ‘Economics of Biodiversity’ was to create insight into how financial and policy decisions can reverse biodiversity loss.
Dasgupta Review: Nature’s value must be included in economics to preserve biodiversity
Story: Fred Lewsey
Nature is a “blind spot” in economics. We can no longer afford for it to be absent from accounting systems that dictate national finances, or ignored by economic decision makers.
This is according to an independent review on the economics of biodiversity, produced by Professor Sir Partha Dasgupta from the University of Cambridge.
Commissioned by the UK Treasury in 2019, and published ahead of this year’s Convention on Biological Diversity taking place in China, the review is expected to help set the agenda for the UK Government’s 25-year environment plan.
Stop sacrificing ecology on altar of economic growth, Prince of Wales says
Prince Charles has recently launched a series of initiatives to encourage more green financial practices
2 February 2021 • 5:59pm
The Prince of Wales during a visit to Cotswold Farm Park in Gloucestershire last year. He is a long-term campaigner on environmental issues
The Prince of Wales has called on the government to stop sacrificing the environment on the altar of economic growth. Now is surely the moment when we must see the world as it truly is and find the means to ensure the economy and ecology are viewed as one, rather than as now, where the latter is so often sacrificed upon the altar of the former, he said.
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Date: 27 May 2021