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Biodiversity plays a major role in the productivity and functioning of ecosystems, affects their ability to provide ecosystem services. [2] For example, biodiversity is a source of food, medication, and materials used in industry. Recreation and tourism are also examples of human economic activities that rely on these benefits.
During the 1990s, international conventions such as the UNEP Convention on Biological Diversity and the Convention to Combat Desertification identified the need for a global scientific ecosystem assessment. There had been advances in resource economics with little effect on environmental policy. [1]
Sustainable Development Goal 15 (SDG 15 or Global Goal 15) is about "Life on land".One of the 17 Sustainable Development Goals established by the United Nations in 2015, the official wording is: "Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss". [1]
Desertification is a gradual process of increased soil aridity.Desertification has been defined in the text of the United Nations Convention to Combat Desertification (UNCCD) as "land degradation in arid, semi-arid and dry sub-humid regions resulting from various factors, including climatic variations and human activities."
Ecosystem valuation is an economic process which assigns a value (either monetary, biophysical, or other) to an ecosystem and/or its ecosystem services.By quantifying, for example, the human welfare benefits of a forest to reduce flooding and erosion while sequestering carbon, providing habitat for endangered species, and absorbing harmful chemicals, such monetization ideally provides a tool ...
The findings of TEEB (Interim Report) were largely in three areas—the economic size and welfare impact of losses of ecosystems and biodiversity, the strong links between biodiversity conservation and ecosystem health on the one hand and poverty elimination and the achievement of Millennium Development Goals on the other, and the ethical ...
The Global Environment Facility (GEF) is a multilateral environmental fund that provides grants and blended finance for projects related to biodiversity, climate change, international waters, land degradation, persistent organic pollutants (POPs), mercury, sustainable forest management, food security, and sustainable cities in developing countries and countries with economies in transition.
Beyond the value biodiversity has in regulating and stabilizing ecosystem processes, there are direct economic consequences of losing diversity in certain ecosystems and in the world as a whole. Losing species means losing potential foods, medicines, industrial products, and tourism, all of which have a direct economic effect on peoples lives. [6]