The Dasgupta Review: Economics of Biodiversity
Landmark report says GDP should be ditched as a measure of wealth and nature valued to protect wildlife and humans-
The UK Government has issued a report from the Independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.
About half of global GDP – some $44 trillion – depends on nature. Biodiversity, the report says, enables nature to be “productive, resilient, and adaptable.”
Dasgupta calls for an accounting system that values natural assets on par with produced capital and human capital.
The Dasgupta review concludes: “To detach nature from economic reasoning is to imply that we consider ourselves to be external to nature. The fault is not in economics; it lies in the way we have chosen to practice it. Transformative change is possible – we and our descendants deserve nothing less.”
Source: https://www.gov.uk/government/publications/final-report-the-economics-of-biodiversity-the-dasgupta-review & https://www.theguardian.com/environment/2021/feb/02/economics-of-biodiversity-review-what-are-the-recommendations