Nature's true value overlooked in decision making - IPBES

 

According to a new analysis by eminent scientists, the key to addressing the global biodiversity crisis is realizing the full value of nature.

 

According to a key report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), stopping the loss of nature demands a change away from prioritizing short-term material rewards.

 

The study provides information on how to consider the many distinct values of nature while making decisions.

 

139 nations endorsed a summary on Saturday in Bonn, Germany.

 

According to co-chair Prof. Patricia Balvanera, "Shifting decision-making towards the many values of nature is a really crucial aspect of the system-wide transformative change needed to overcome the current global biodiversity catastrophe."

 

"This entails redefining 'development' and 'good quality of life' and recognising the multiple ways people relate to each other and to the natural world."

 

The IPBES is frequently described to as the IPCC of conservation science, the important UN group of climate experts. It offers scientific evaluations of the diversity of the planet's flora and fauna and their benefits to people to policy makers.

 

In a report that was based on more than 1,000 scientific papers looking at the valuation of nature, 82 scientists concluded that "the way nature is valued in political and economic decision making is both a fundamental cause of the loss of biodiversity and a vital chance to repair it."

 

"This research makes it obvious that we must place science-based valuing of nature at the center of economic decision making," said Inger Andersen, executive director of the UN Environment Programme, in a statement.

 

One in five people rely on wild plants, animals, and fungi, according to a Friday IPBES report that was authorized in Bonn, but their continued usage is in jeopardy due to over-exploitation.

 

One of the three pillars of the UN convention on biodiversity is the sustainable use of biodiversity, and in December, Montreal, Canada, will host a significant summit to set goals for halting biodiversity loss.

 

The new Global Biodiversity Framework is thought of as the Paris climate agreement of biodiversity. The term "biodiversity" refers to all the various types of living organisms that exist on Earth and how they coexist in a complex web of life that we depend on for food, fresh water, and clean air.

 

How do we safeguard biodiversity? What is it?

How the world responds to the challenges of lowering the extinction risk threatening more than one million species, protecting thirty percent of land and sea, eliminating billions of dollars in environmentally harmful government subsidies, and regenerating damaged ecosystems will depend on the outcome for the ensuing decades.