A landmark review has come to the conclusion that the world is staring at ‘extreme risks’ due to the failure of “economics to account for the drastic depletion of the natural world” and recommended for the identification of new measures to avert a disastrous collapse.
As humans continue piling pressure on food, water and clean air, there emerges a disturbing price to the ecosystem. Prof Partha Dasgupta conducted the review and ascertained that there’s an imperative need for the rapid global shift to production, finance, consumption and education.
The study dubbed as UK’s biodiversity review was commissioned by the United Kingdom treasury. It was the first time that the UK treasury ministry was authorizing a full valuation of the economic influence on nature.
Dasguputa argued that nature was our home and good economics dictated that we had to manage it better.
“Truly sustainable economic growth and development means recognizing that our long-term prosperity relies on rebalancing our demand of nature’s goods and services… It also means accounting fully for the effect of our interaction with nature,” stated Dasguputa.
British Prime Minister Boris Johnson is set host UN Climate summit in Glasgow in November 2021. He stated that the year would be very critical in reshaping and reversing the trend of “fast declining biodiversity.”
According to the Guardian, human population is increasing globally as other animals population decelerates with statistics indicating that wildlife mammals are about 4%, enormously outweighed by humans and domestic animals.
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