Report makes the business case for governments to protect biodiversity  | Biodiversité | Scoop.it

The report shows that costs of “business-as-usual” are high and growing. Land-cover change has cost some USD 4 trillion to 20 trillion per year in ecosystem services, on top of an estimated USD 6 trillion to 11 trillion per year from land degradation. Meanwhile, ecosystem services derived from biodiversity provide annual benefits valued at between USD 125 trillion and 140 trillion – more than one-and-a-half times global gross domestic product (GDP).

The report shows how governments can change tax systems, credits, permits and other economic instruments to create “incentives for more sustainable production and consumption patterns, and can also generate much needed revenue” to protect biodiversity, says the report.