Economics’ Failure Over Destruction of Nature Presents “Extreme Risks”

Mon, 15 Feb 2021 05:06:54 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.earthisland.org/journal/index.php/articles/entry/economics-failure-over-destruction-of-nature-presents-extreme-risks/>

"The world is being put at “extreme risk” by the failure of economics to
take account of the rapid depletion of the natural world and needs to
find new measures of success to avoid a catastrophic breakdown, a
landmark review has concluded.

Prosperity was coming at a “devastating cost” to the ecosystems that
provide humanity with food, water and clean air, said Prof Sir Partha
Dasgupta, the Cambridge University economist who conducted the review.
Radical global changes to production, consumption, finance and education
were urgently needed, he said.

The 600-page review was commissioned by the UK Treasury, the first time
a national finance ministry has authorised a full assessment of the
economic importance of nature. A similar Treasury-sponsored review in
2006 by Nicholas Stern is credited with transforming economic
understanding of the climate crisis."

Via Robert Sanscartier and Marysia Kurowski.

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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