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Do the biodiversity economy and the doughnut economy lead the way to a sustainable future?


In early February the comprehensive Dasgupta Review The Economics of Biodiversity was released by the United Kingdom’s government, exploring the significant impact of biodiversity and natural capital.

The review proposes methodologies for including the intrinsic value of nature as an asset, such as the inclusion of the contributions of nature in sustainable GDP growth estimates by incorporating parameters such as resources extracted, degree of sea and landscapes exploited, ecosystem services, climate change, habitat degradation and pollution.

Given the historical depreciation of these assets in many habitats we cannot use the current status of exhausted nature as a valid baseline. To ensure global economic progress without compromising biodiversity we first need to rebalance nature’s supply and demand. We must factor in these non-fungible assets and acknowledge that we all lose when we push habitats beyond what is ecologically and environmentally safe.

This devastating trend is well documented by the ~40 decline in natural capital value per person between 1992 and 2014 (2), and the IPBES global assessment report for biodiversity and ecosystem services from 2019 projecting a loss of one million species over the next decades.

Living on the edge or beyond this tipping point is no longer an option with only one earth […]

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