Help keep One Green Planet free and independent! Together we can ensure our platform remains a hub for empowering ideas committed to fighting for a sustainable, healthy, and compassionate world. Please support us in keeping our mission strong.
When rich countries throw money at biodiversity, it is ineffective, a new report from Third World Network shared. The charity is seeking “a profound re-organisation of the global post-pandemic economy to prevent further harm to the planet”.
The report analyzes the current economics of biodiversity and saving nature. The report urges that rich countries cancel the debt of poor countries and that richer countries pay for the “vast ecological debts”, said lead author Dr. Patrick Bigger.
In many cases, money put towards biodiversity protection in poorer countries can increase the problem. Large-scale agriculture and resource extraction are responsible for the destruction of natural habitats.
“In 2019, 50 of the world’s largest banks underwrote more than $2.6 trillion into industries known to be the drivers of biodiversity loss, an amount equivalent to Canada’s gross domestic product,” the report said.
The report’s authors urge a reconsideration of the current market for biodiversity preservation and to move away from market-based plans.
“We need a broader rethink about how the rules of the economy are driving the sixth extinction,” said Dr. Jessica Dempsey from the University of British Columbia, Canada, a researcher on the report.”We need to take a hard look at things like tax and intellectual property policy, and even entire ideas that guide how the global economy works – like what it means for governments to be ‘financially responsible’ when austerity has such a poor track record of delivering good environmental outcomes.”
- Three Meat Companies Linked to Deforestation of Amazon Rainforests
- Plant-Based Diet Key to Preserving Biodiversity, New Report Finds
- Earth’s Most Biodiverse Hotspots are at Risk Due to Climate Change
- 4 Ways Indigenous Communities are Stepping Up for Climate Change
- Island of Mauritius Faces Worst Oil Spill in History Causing Catastrophic Biodiversity Losses
- This is How Animal Agriculture Causes Deforestation
- Soy Consumption and Deforestation: 75 Percent of Soybean Crop Grown in the Amazon is Feed to Livestock
- 10 Major Companies Responsible for Deforestation and Destroying Our Planet
- How Animal Agriculture Is Draining the World of Biodiversity
For more Animal, Earth, Life, Vegan Food, Health, and Recipe content published daily, subscribe to the One Green Planet Newsletter! Lastly, being publicly-funded gives us a greater chance to continue providing you with high-quality content. Please consider supporting us by donating!