A U.K. Treasury -commissioned independent review on the economics of biodiversity has called for a change in the way the world thinks and acts with regard to nature. Africa, alongside the rest of the world, must heed the call to understand that our economies are embedded within nature and are not external to it, participants…
A U.K. Treasury -commissioned independent review on the economics of biodiversity has called for a change in the way the world thinks and acts with regard to nature. Africa, alongside the rest of the world, must heed the call to understand that our economies are embedded within nature and are not external to it, participants […]
Professor Sir Partha Dasgupta talked to ICAEW about his landmark review on the economics of biodiversity, his hopes for the future, and what it means for members.
In 2019 the UK Treasury commissioned Dasgupta, who is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, to produce the world’s first major review into the effect this decline would have on the world’s economies.
Ecologists have been warning for decades now about the problem and “study after study has shown that biodiversity is declining at a faster rate than any time in human history with extinction rates around 100 to 1000 times higher than the baseline and increasing,” says one of Dasgupta’s team who worked on the review.
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