UK Treasury global review on the economics of biodiversity | WWF
UK Treasury global review on the economics of biodiversity

Posted on 06 May 2020

Humanity is profoundly altering the Earth’s natural systems, creating significant risk for our economies, future prosperity and well-being

WWF welcomes the publication of the interim report of the Dasgupta Review, which builds on a global body of evidence warning that humanity is profoundly altering nature at its peril, disrupting natural processes which support our economies, businesses and well-being.

Join the livestream public lecture from Professor Dasgupta on Thursday 7th May, hosted by the London School of Economics and Political Science. More information here.
The interim report sets out the approach the Dasgupta Review is taking, including the main economic and scientific concepts that underpin the work. A comprehensive framework and recommended ‘options for change’ will be covered in the final report due in the autumn this year.
The interim report emphasises that we urgently need to change our relationship with nature, ensuring that nature’s value is fully taken into account in decision-making and adopting new measures of societal progress that focus on delivering inclusive wealth.
In line with the 2019 Global Assessment from Intergovernmental Panel for Biodiversity and Ecosystem Services (IPBES) concluded, the interim report also highlights a fundamental need to transform our economic and financial systems for sustainability.
This is particularly important now. The disruption that COVID-19 is causing underscores the importance of biodiversity for our health and that of the global economy, and ultimately the need for humanity to live within the ‘safe operating space’ of the biosphere.
WWF considers the interim report a must-read and urges others to respond to the request for feedback (in response to the four key questions at the end). The deadline for feedback is 1st June 2020. Responses will be used to help the review team develop the final report and recommended ‘options for change’.

Participate

We encourage others to sign up for the events being organised by the review team – including a live-streamed public lecture from Professor Dasgupta on Thursday 7th May, hosted by the London School of Economics and Political Science. You can find more information here and register here.
The Review team will also be holding two open briefing sessions on Tuesda 12th May and Wednesday 20th May. Use these links to send an e-mail to HM Treasury to register your interest in participating in the briefings: 12th May and 20th May.

About the Dasgupta Review

The Dasgupta Review is exploring the sustainability of our engagements with nature – what we take from it; how we transform what we take from it and return to it; why we have disrupted nature’s processes; and what we must urgently do differently to enhance our collective wealth and well-being, and that of our descendants.
Partha Dasgupta
Partha Dasgupta
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