The loss of biodiversity poses a significant threat to the economy and businesses, much like climate change. In the last 50 years, we have lost 69% of species, with one million more facing the risk of extinction. This loss is not only a tragedy for our planet but also has dire consequences for our economy.
Ecosystem services are the services provided by nature that contribute to our well-being and economic development. These services include clean air and water, food production, and natural resources such as timber and minerals. They are essential to our economy, contributing over half of the global GDP, which amounts to $44 trillion every year.
The depletion of ecosystem services can have devastating consequences on our economy. For example, if we were to lose half of the forests we cut down each year, it would mean that we are only replacing half of what we lose. Over a third of fish stocks are already being overfished, and this trend is expected to continue. By 2050, it is predicted that the amount of plastic in the ocean will outweigh the number of fish, further exacerbating the problem.
It is crucial that we take action to protect biodiversity and preserve ecosystem services. We must consider the direct contributions that nature provides and understand the potential consequences if these services were no longer available. By doing so, we can ensure a sustainable future for both our planet and our economy.
