Investments to reverse biodiversity loss are economically beneficial

U. Rashid Sumaila; Carlos Manuel Rodriguez; Maria Schultz; Ravi Sharma; Tristan D. Tyrrell; Hillary Masundire; A. Damodaran; Mariana Bellot-Rojas; Rina Maria P. Rosales; Tae Yong Jung; Valerie Hickey; Tone Solhaug; James Vause; Jamison Ervin; Sarah Smith; Matt Rayment

doi:10.1016/j.cosust.2018.01.007

Investments to reverse biodiversity loss are economically beneficial

U. Rashid Sumaila, Carlos Manuel Rodriguez, Maria Schultz, Ravi Sharma, Tristan D. Tyrrell, Hillary Masundire, A. Damodaran, Mariana Bellot-Rojas, Rina Maria P. Rosales, Tae Yong Jung, Valerie Hickey, Tone Solhaug, James Vause, Jamison Ervin, Sarah Smith, Matt Rayment

Graduate School of International Studies

Research output: Contribution to journal › Review article › peer-review

9 Citations (Scopus)

Abstract

Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally. First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required.

Original language	English
Pages (from-to)	82-88
Number of pages	7
Journal	Current Opinion in Environmental Sustainability
Volume	29
DOIs	https://doi.org/10.1016/j.cosust.2018.01.007
Publication status	Published - 2017 Dec

Bibliographical note

Funding Information:
We thank the Governments of the United Kingdom, Japan and Norway for sponsoring the work of the High-Level Panel. We also thank the CBD Secretariat in Montreal for serving as administrators for this effort, and the Governments of Brazil and India for hosting HPL meetings. URS would like to thank the OceanCanada Partnership, created with the support of the Social Sciences and Humanities Research Council of Canada (SSHRC).

Publisher Copyright:
© 2018

All Science Journal Classification (ASJC) codes

Environmental Science(all)
Social Sciences(all)

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10.1016/j.cosust.2018.01.007

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Sumaila, U. R., Rodriguez, C. M., Schultz, M., Sharma, R., Tyrrell, T. D., Masundire, H., Damodaran, A., Bellot-Rojas, M., Rosales, R. M. P., Jung, T. Y., Hickey, V., Solhaug, T., Vause, J., Ervin, J., Smith, S., & Rayment, M. (2017). Investments to reverse biodiversity loss are economically beneficial. Current Opinion in Environmental Sustainability, 29, 82-88. https://doi.org/10.1016/j.cosust.2018.01.007

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abstract = "Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally. First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required.",

author = "Sumaila, {U. Rashid} and Rodriguez, {Carlos Manuel} and Maria Schultz and Ravi Sharma and Tyrrell, {Tristan D.} and Hillary Masundire and A. Damodaran and Mariana Bellot-Rojas and Rosales, {Rina Maria P.} and Jung, {Tae Yong} and Valerie Hickey and Tone Solhaug and James Vause and Jamison Ervin and Sarah Smith and Matt Rayment",

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Sumaila, UR, Rodriguez, CM, Schultz, M, Sharma, R, Tyrrell, TD, Masundire, H, Damodaran, A, Bellot-Rojas, M, Rosales, RMP, Jung, TY, Hickey, V, Solhaug, T, Vause, J, Ervin, J, Smith, S & Rayment, M 2017, 'Investments to reverse biodiversity loss are economically beneficial', Current Opinion in Environmental Sustainability, vol. 29, pp. 82-88. https://doi.org/10.1016/j.cosust.2018.01.007

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T1 - Investments to reverse biodiversity loss are economically beneficial

AU - Sumaila, U. Rashid

AU - Rodriguez, Carlos Manuel

AU - Schultz, Maria

AU - Sharma, Ravi

AU - Tyrrell, Tristan D.

AU - Masundire, Hillary

AU - Damodaran, A.

AU - Bellot-Rojas, Mariana

AU - Rosales, Rina Maria P.

AU - Jung, Tae Yong

AU - Hickey, Valerie

AU - Solhaug, Tone

AU - Vause, James

AU - Ervin, Jamison

AU - Smith, Sarah

AU - Rayment, Matt

N1 - Funding Information: We thank the Governments of the United Kingdom, Japan and Norway for sponsoring the work of the High-Level Panel. We also thank the CBD Secretariat in Montreal for serving as administrators for this effort, and the Governments of Brazil and India for hosting HPL meetings. URS would like to thank the OceanCanada Partnership, created with the support of the Social Sciences and Humanities Research Council of Canada (SSHRC). Publisher Copyright: © 2018

PY - 2017/12

Y1 - 2017/12

N2 - Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally. First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required.

AB - Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally. First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required.

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JO - Current Opinion in Environmental Sustainability

JF - Current Opinion in Environmental Sustainability

ER -

Investments to reverse biodiversity loss are economically beneficial

Abstract

Bibliographical note

All Science Journal Classification (ASJC) codes

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