Daily Archives: February 9, 2021

Republicans criticize Trump lawyers’ performance


Associated Press

Published on Feb 9, 2021

A lackluster argument from Donald Trump’s lawyers leads to a sixth Republican senator to vote to deny the 45th president’s team bid to halt the trial on constitutional grounds. (Feb. 9)

The Frightening Rise Of Species Extinction And The Insanity Of Manmade Toxins Impacting Us All


The Real Truth About Health

Published on Feb 9, 2021

A healthy diet is a healthy lifestyle. What you eat goes a long way towards being healthier or otherwise. Take steps now towards an ideal lifestyle and live longer, live healthier.

Anna Maria Co-Director of The Hippocrates Health Institute will address the multitude of issues that face families in this high-speed society by using compassion, proper enzyme-rich food, movement and a wide array of noninvasive and supportive therapies.

U.K. Gov, The Royal Society, HRH The Prince of Wales, PM Boris Johnson, & Sir David Attenborough

Transition-Studies.Net – 9 February 2021

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Why is the Dasgupta Review on the Economics of Biodiversity a big deal? – Sostenibilidad

December 8, 2020 por Gregory Watson Leave a Comment

The United Kingdom’s Treasury (economic and finance ministry) is gearing up to launch an independent global report on the importance of biodiversity for economies and future prosperity. Led by Professor Sir Partha Dasgupta, the Dasgupta Review on the Economics of Biodiversity could help precipitate a major rethink on how we value biodiversity and its implications for policy and natural capital finance.

With funds from the UK’s Department of Environment, Food and Rural Affairs, the IDB commissioned reports that demonstrate various examples, models, and insights from Latin America and the Caribbean to serve as contributions to the Review’s work, which will also be released soon.

In anticipation of the Review’s launch in early 2021, I spoke to Sandy Sheard, Deputy Director and Head of the Review Team at UK Treasury, to discuss the review and why it matters as countries look to increase ambition to confront the climate and ecological crisis and recovery from the pandemic. Our conversation has been edited for length and clarity.

GW: Sandy, thanks so much for discussing the Review with us! Can you provide an overview of what the Review aims to do and the main intellectual arguments underpinning it?

Sandy Sheard: Thank you Greg and may I start by saying how grateful we are for the IDB’s support over the last 18 months! The Review will set out a comprehensive framework for understanding the economics of biodiversity and signal the actions required to ensure we use Nature more sustainably.

The Review makes three powerful arguments. It’s starting point is to view nature as an asset, just as people and produced capital are assets. Whereas we are happy to invest in infrastructure and healthcare, we continue to underinvest in nature. In fact, we are depleting vital ecosystems including forests (in some cases to the point of collapse), which carries significant risks for countries.

Therefore, the first of Professor Dasgupta’s arguments is that we have a portfolio asset management problem that urgently needs addressing. The role of biodiversity within this asset management framing is analogous to the role played by diversity within a traditional portfolio of financial assets: it reduces risk and uncertainty. Biodiversity is critical because it both increases Nature’s productivity and enhances its resilience to stresses and shocks.

Second, this is fundamentally a problem of supply and demand. Estimates of our total impact on Nature suggest that we would require 1.6 Earths to maintain the world’s current living standards. We call this imbalance between our demands and Nature’s supply the ‘Impact Inequality’. To sustain our natural assets and avoid net degradation, our demands must become equal to, or less than, Nature’s ability to regenerate and supply the goods and services we rely on.

Lastly, we must recognize that our economies are embedded within Nature. Most standard models of economic growth and development detach Nature from humanity and fail to recognize its limits. The Review looks at what we know about how ecosystems function, which can help us to understand the ways in which the economy is bounded by Nature and what really constitutes sustainable growth.

GW: It is both striking and important that a report of this kind was commissioned by a Ministry of Finance. Why did the UK Treasury decide to undertake this work? And who are the main audiences?

SS: Troublingly, many recent studies show humanity’s destructive relationship with Nature. While I can’t speak for ministers, I imagine that led to a recognition that we need to better understand the issues and the implications for our economies. It also builds on the tradition that brought us the Stern Review on the Economics of Climate Change in 2006. It is vital for institutions like the UK’s Treasury to show leadership and to look for answers to these complex and system-wide economic conundrums.

One of our main audiences is governments, particularly economic and finance ministries. Our focus also extends to economic and financial decision makers who can accelerate action. Businesses and private finance are waking up to the huge financial risk posed by rapid biodiversity loss, and we are now seeing more organizations getting involved. The financial sector – including multilateral development banks – have a huge role to play, and we hope that the Review can help to guide their transition towards sustainable engagement with Nature. And if you asked Professor Dasgupta this question, he would go further and say that our audience is the concerned citizen. Each of us is an asset manager and our investment and consumer choices matter deeply.

GW: How do you hope Ministries of Finance will use this report? What sorts of activities do you think ministries should undertake?

SS: Finance ministries are critical players. For example, they design economic strategy, direct and influence investment, reform subsidies, and introduce clear standards and regulations, making them instrumental to addressing biodiversity loss. Let me expand on three actions.

First, finance ministries have a significant role to play in addressing the mismatch between our global demands on Nature and what it can sustainably supply. Globally, governments funnel roughly $500 billion annually into projects that are potentially harmful to biodiversity – a figure that dwarfs our investment into natural capital. Ministries can lead in directing investment towards natural capital and can influence the private finance sector to do the same. Encouragingly, the Review highlights evidence that investment in natural assets, which tends to be labor intensive, could help boost employment and support a green and inclusive recovery from COVID-19.

…(read more).

See related:

Food-matters,

Final Report – The Economics of Biodiversity: The Dasgupta Review – GOV.UK

Independent report

Final Report – The Economics of Biodiversity: The Dasgupta Review

Final Report of the Independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.

Published 2 February 2021
From: HM Treasury

Documents

The Economics of Biodiversity: The Dasgupta Review – Full Report

PDF, 26.8MB, 606 pages

The Economics of Biodiversity: The Dasgupta Review – Abridged Version

PDF, 8.43MB, 103 pages

The Economics of Biodiversity: The Dasgupta Review – Headline Messages

PDF, 1.84MB, 10 pages

The Economics of Biodiversity: The Dasgupta Review – Reactions

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The Economics of Biodiversity: The Dasgupta Review – Reactions

PDF, 143KB, 18 pages

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Details

The Dasgupta Review is an independent, global review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta (Frank Ramsey Professor Emeritus, University of Cambridge). The Review was commissioned in 2019 by HM Treasury and has been supported by an Advisory Panel drawn from public policy, science, economics, finance and business.

The Review calls for changes in how we think, act and measure economic success to protect and enhance our prosperity and the natural world. Grounded in a deep understanding of ecosystem processes and how they are affected by economic activity, the new framework presented by the Review sets out how we should account for Nature in economics and decision-making.

The final Review comprises the Full Report, an Abridged Version and the Headline Messages. Final Report documents (above).

Press Notice including external reactions to the Review:

Food-matters,

The Economics of Biodiversity: the Dasgupta Review | The Royal Society

The Royal Society

The Prince of Wales and Sir David Attenborough join economist Professor Sir Partha Dasgupta and Nobel-prize winning biologist Sir Venki Ramakrishnan to mark the publication of The Economics of Biodiversity: The Dasgupta Review.

Biodiversity is declining faster than at any time in human history. Since 1970, there has been on average almost a 70% decline in the populations of mammals, birds, fish, reptiles, and amphibians. It is thought that one million animal and plant species – almost a quarter of the global total – are threatened with extinction. These losses in biodiversity are undermining the productivity, resilience and adaptability of nature. This is in turn putting economies, livelihoods and well-being at risk.

The Dasgupta Review, commissioned by the UK Government, this independent, global Review will present a new economic framework, grounded in ecology and Earth Sciences, in order to understand the sustainability of our engagement with Nature, and identify the options humanity has to enhance biodiversity and prosperity.

Hosted by Venki Ramakrishnan and joined by several special guests, Professor Dasgupta will outline the Review’s central findings and respond to questions from the audience.

See related:

Food-matters,