Reuters

The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached and countries fail to invest more in protecting and restoring nature, the World Bank said on Thursday, calling for a greener COVID-19 recovery.

In its first “Economic Case for Nature” report, the bank looked at how many economies rely on biodiversity and how they would cope if certain services provided by nature collapsed. It found that sub-Saharan Africa and South Asia would be worst hit.

The study identified key “ecosystem services” that it said were close to tipping points, including wild pollinators and provision of food from marine fisheries and timber from native forests.

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Campaign for Nature

April 21, 2021

Today, the United Nations launched its Second World Ocean Assessment on the global state of the world’s oceans. 

“The Second World Ocean Assessment warns that many benefits that the ocean provides to humankind are increasingly being undermined by our actions. [...] The findings of this assessment underscore the urgency of ambitious outcomes in this year’s biodiversity, climate and other high-level summits and events. Together we can foster not only a green, but also a blue recovery from the Covid-19 pandemic and help ensure the long-term resilience and sustainable relationship with the ocean,” said UN Secretary General António Guterres in his remarks at the assessment’s launch. 

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Thomson Reuters Foundation

March 11, 2021
Conservationists and environment officials hope new U.N. standards to measure the value of nature can help governments slow the rapid decline of plant and animal species worldwide.

Adopted this week by the U.N. Statistical Commission, the accounting system comes as a global movement gathers pace to protect the natural world by valuing the contributions forests, wetlands and other ecosystems make to economies and societies.

The benefits of preserving nature, such as reducing carbon emissions, producing water and boosting resilience to extreme weather, exceed the value of exploiting it, according to a study published this week in the Nature Sustainability journal.

If Nepal's Shivapuri Nagarjun National Park were turned from forest into farmland, for instance, instead of boosting the economy, it would create an $11-million annual deficit by cutting carbon storage 60% and water quality 88%, researchers estimated.

So how can the monetary value of nature be measured, and what does it mean for global efforts to tackle climate change and biodiversity loss?

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European Commission

March 11, 2021
A new statistical framework to better account for biodiversity and ecosystems in national economic planning and policy decision-making, approved yesterday, allows countries worldwide to use a common set of rules and methods to track changes in ecosystems and their services. The European Commission supported the United Nations in the development of this framework with contributions from scientists, statisticians and policymakers. The new framework goes beyond the commonly used statistic of gross domestic product (GDP) and ensures that natural capital accounts—the contributions of forests, oceans and other ecosystems—complements existing economic accounts.

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The Guardian

March 8, 2021
The economic benefits of protecting nature-rich sites such as wetlands and woodlands outweigh the profit that could be made from using the land for resource extraction, according to the largest study yet to look at the value of protecting nature at specific locations.

Scientists analysed 24 sites in six continents and found the asset returns of “ecosystem services” such as carbon storage and flood prevention created by conservation work was, pound for pound, greater than manmade capital created by using the land for activities such as forestry or farming cereals, sugar, tea or cocoa.

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Project Syndicate

July 31, 2020
Natural systems like the massive Sundarbans mangrove forest in India and Bangladesh are not just home to millions of plant and animal species that deserve protection from human encroachment. They are also crucial sources of economic output and resilience, demanding far more protection than they currently receive.

When Cyclone Amphan came barreling up the Bay of Bengal this past May, South Asia’s first named storm of the year appeared to pose a massive threat to the people who live on the coastal floodplains and to the animals and plants – including many endangered species – that rely on these sensitive ecosystems. But nature came to the region’s rescue.

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The Weather Network

April 21, 2020
Scientists say that more conservation efforts are needed to ensure that ecosystems can continue absorbing large amounts of carbon dioxide.

Earth Day is celebrated each year on April 22 and this year marks the 50th anniversary since the campaign first launched. The event encourages increased awareness of the environment as well as actions and commitments that will reduce the negative impacts humans have on the planet.

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Forbes

March 16, 2020
[…] At the same time, the race is now on to develop a COVID-19 vaccine, ahead of any second wave of infections later this year.

[…]

Last week among the COVID-19 headlines, David Attenborough made a plea calling for Deep Ocean Seabed Mining to be banned.  One of the reasons he cited was the importance of deep water corals and microscopic microbes at the bottom of the ocean.

It turns out, these are extremely valuable for modern medicine, including addressing coronaviruses.

A protein from an ocean seabed algae found among coral reefs was revealed to show activity against another coronavirus known as Middle East Respiratory Syndrome or MERS. 

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Oceanographic

March 10, 2020
According to a new study, without mangroves, flood damages would increase by more than $65 billion annually. The natural coastal defenses mangrove forests provide globally reduce annual flooding significantly in critical hotspots.

Mangrove forests occur in more than 100 countries around the world, but many have been lost due to an increase in aquaculture, as well as coastal industry and development. The rising sea levels and intensifying impacts of hurricanes caused by climate change is increasing the risk of coastal flooding, and conservation and restoration of natural defenses such as mangroves offers cost-effective ways to mitigate and adapt to these changes. According to the authors, mangrove forests can be easily restored to make people and property safer.

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The Guardian

March 4, 2020
Tropical forests are taking up less carbon dioxide from the air, reducing their ability to act as “carbon sinks” and bringing closer the prospect of accelerating climate breakdown.

The Amazon could turn into a source of carbon in the atmosphere, instead of one of the biggest absorbers of the gas, as soon as the next decade, owing to the damage caused by loggers and farming interests and the impacts of the climate crisis, new research has found.

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Fast Company

February 11, 2020
The world economy depends on nature, from coral reefs that protect coastal cities from flooding to insects that pollinate crops. But by the middle of the century, the loss of key “ecosystem services” could cost the world $479 billion each year. The U.S. will lose more than any other country, with an $83 billion loss to the GDP per year by 2050.

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