Landmark report says GDP should be ditched as measure of wealth and nature valued to protect wildlife and humans.
“Our economies, livelihoods and wellbeing all depend on our most precious asset: nature. We are part of nature, not separate from it.” These are the opening lines of a newly published landmark review of the economics of biodiversity.
Biodiversity is declining faster than at any time in human history and the review aims to create a new economic framework, grounded in ecology, that enables humanity to live on Earth sustainably. “Our demands far exceed nature’s capacity to supply us with the goods and services we all rely on. We would require 1.6 Earths to maintain the world’s current living standards,” says Prof Sir Partha Dasgupta in the review, which was commissioned by the UK Treasury.
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