Summary of How to Pay for Saving Biodiversity

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

How to Pay for Saving Biodiversity summary
Start getting smarter:
or see our plans

Rating

8 Overall

9 Applicability

8 Innovation

8 Style


Recommendation

Protecting the environment is often seen more as a “nice-to-have” than something that needs to be prioritized. Global funding for protecting biodiversity falls woefully short of what is actually required. For this initiative to be successful, the private sector needs to step up. But how do you encourage business to adopt a goal that does not seem to have any immediate pay-offs? Anyone interested in finding a workable way to protect the global ecosystem should read this article.

In this summary, you will learn

  • What measures are currently in place to protect biodiversity,
  • What measures are needed to bring biodiversity conservation to an acceptable level, and
  • Why and how the private sector should get involved.
 

About the Authors

Edward B. Barbier is a professor at Colorado State University and a senior scholar in the School of Global Environmental Sustainability. Joanne C. Burgess is an assistant professor in the Department of Economics. Thomas J. Dean is a professor of Entrepreneurship and Sustainable Enterprise.

 

Summary

The measures in place to ensure biodiversity are inadequate to maintain the global ecosystem.

Despite the fact that global biodiversity protection has been on the international agenda for over 25 years, it is still underfunded. Many governments have signed up to the Aichi Biodiversity Targets, which aim to conserve at least 27% of habitats by 2020. But scientists claim that the targets are not ambitious enough. They are asking to raise the target to 50%, which would cost an estimated $100 billion. This figure is significantly higher than the $4-10 billion governments currently spend.


More on this topic

Customers who read this summary also read

How to Clone a Mammoth
How to Clone a Mammoth
8
Gene Editing for Good
Gene Editing for Good
8
Building Taller Ladders
Building Taller Ladders
7
Taming the Sun
Taming the Sun
9
The Economic Case for Combating Climate Change
The Economic Case for Combating Climate Change
9
Six Research Priorities for Cities and Climate Change
Six Research Priorities for Cities and Climate Change
8

Comment on this summary