Tuesday, March 2, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

The Financial Costs of Biodiversity Loss

by Richard Matthews
September 21, 2012
in Uncategorized
0

The loss of biodiversity is a tragedy for everyone. We often forget that nature provides a plethora of services all for free. A 2012 report indicates that the world’s biodiversity is down 30 percent since the 1970s. Humanity is outstripping the Earth’s resources by 50 percent — essentially using the resources of one and a half Earths every year, according to the 2012 Living Planet Report, produced by conservation agency the World Wildlife Fund (WWF).

As we undermine natural systems we are incurring immense costs. This is the central premise of a BBC News article by Richard Anderson.

As pointed out in the article businesses will be forced to pay through regulatory instruments such as pollution taxes, like carbon credits and landfill taxes that already exist, and higher insurance premiums.

Climate change induced extreme weather also has dramatic costs. Businesses that fail to own up to their responsibilities will also pay in terms of damage to their reputations from consumers whose environmental demands are growing every day.

Trucost and PRI have estimated the cost of environmental damage caused by the world’s largest 3,000 companies in 2008 at $2.15 trillion.

Businesses are not the only ones who will suffer from these high costs. These costs will be passed along to consumers.

As earnings and profits come under increasing pressure share prices will fall and this will affect investors around the world. At the end of the day the cost of biodiversity loss will impact everyone.

We can expect “15 to 37 percent of living species” will be extinct by mid-century, equivalent to 1.25 million species. Climate change is to blame and it will force species to migrate to new regions and adapt or die as a result. To put it bluntly, “up to 70% of the world’s known species risk extinction if the global temperatures rise by more than 3.5°C.”28 The largest biomes under direct threat are polar ice and ocean coral reefs.

We have very tangible results of this trend today. The Arctic ice sheet has now hit record lows. We are facing the prospect of ice-free summers in the Arctic Ocean which implies the loss of an entire biome, the costs of which could be staggering.

Related Posts
The Economics of Ecosystems and Biodiversity
The Fifth Global Environmental Outlook Report (GEO-5)
Key Findings of the Global Environmental Outlook (GEO-5)
Biodiversity Global Environmental Outlook (GEO-5)
GEO 5 Report on Water and Marine Pollution
Air Pollution in the Global Environmental Outlook Report (GEO-5)
Montreal Protocol – Global Environmental Outlook (GEO-5)
Video on the Hopeful Elements in the Global Environment Outlook (GEO-5)
WWF Canada Living Planet Report

ShareTweetShare
Previous Post

Student Climate & Conservation Corps

Next Post

Its Official Arctic Sea Ice is at its Lowest Level in Recorded History

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

Its Official Arctic Sea Ice is at its Lowest Level in Recorded History

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Supply Chains

Review of Decarbonization Through the Electrification in the Shipping Industry

by Richard Matthews
March 1, 2021
0

All modes of transportation are gradually being converted to electric propulsion and this includes watercraft. Driven by ominous increases in...

Read more

Carbon Emissions – Red States and Blue States (Infographic)

February 25, 2021

America’s Most Popular Purveyor of Climate Disinformation is Dead

February 23, 2021

The International Conference on Fake News, Social Media Manipulation and Misinformation (10 Events)

February 21, 2021

Climate Action: Why We May Finally Do What Needs to be Done

February 20, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In