Economic Alarm: Nature’s Loss Carries Bigger Price Tag Than Estimated
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Researchers suggest that governments adopt a novel approach to quantify the benefits of preserving biodiversity and natural environments for future generations.
The method can be used by governments in cost-benefit analyses for public infrastructure projects, in which the loss of animal and plant species and ‘ecosystem services’ – such as filtering air or water, pollinating crops or the recreational value of a space – are converted into a current monetary value.
This process is designed to make biodiversity loss and the benefits of nature conservation more visible in political decision-making.
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