The combination of climate change and a loss of biodiversity is now being called the “twin crisis” by scientists, explaining how this powerfully negative force will serve as a detriment to many aspects of life. The awareness of the dangers of such issues is shown through the Dasgupta Review that promotes how the economic system is reliant on maintaining biodiversity. While this seemingly existential threat in which a seemingly infinite extinction of organisms circa the globe continues without halt, institutions have taken a greater involvement in order to protect their own systems and therefore, protect the future ones as well. The Taskforce on Nature-related Financial Disclosures (TNFD) will work towards solving nature and financial related issues, as a result, endorsed by multiple global nations and corporations, towards nature-positive actions. It may take trillions of dollars in loss, but the end will be worth it by protecting lands from expanding businesses that ignore these environmental impacts.
It is incredible to recognize the vast scale at which the world is beyond equilibrium, especially represented by the sheer amount of money it would take to even try to fix the problems that humans have caused. As businesses continue to expand, the lands for these animal species will continue to shrink, inevitably leading to the extinction of countless populations. It’s terrifying to think about how the Earth may be in a couple of hundreds of years considering many sources depict the Earth as being nearly beyond improvement. I wonder why articles such as this, that display a general view towards the hopeful global perspective, are more in quantity than that of United States articles. Additionally, because it is evident that some foreign countries take more initiative with setting biodiversity measures, I wonder how much aid these countries give to one another to promote nature protection. Nonetheless, realizing that biodiversity loss and extinction are connected with natural disasters and financial distraughtness, shows the pressure that humans need to feel to fix these conditions.
2 thoughts on “Losing Biodiversity Poses a Financial Risk”
Susie- You delivered an exceptionally written abstract followed by a grounded perspective in your commentary. Recognizing the financial value of ecosystems is essential, and I think we’d be wrong to think most people don’t understand this. There is hope. Did the article mention any pathways some of these nations and corporations are taking to rectify the situation? It’s like trying to avoid a giant tragedy of the commons… maybe it starts with regulating the giant corporations… or expecting them to take leadership assuming they recognize their business is at risk, and then bringing in the smaller players later. What do you think?
In the article, they referred to biodiversity loss and climate change as the “twin crises,” which I think is a very accurate representation of the present issues. Our financial system is very dependent on biodiversity, making existing very possible. The Taskforce on Nature-related Financial Disclosures (TNFD) is one pathway being developed. This group will create a plan for corporations and institutions to reports on the risks that they may pose, as well as their explicit requirements for resources from the environment. This will make a more informed and interconnected system, which, like you wrote about, can begin with regulating bigger corporations, which will have an effect and lead to the restrictions of smaller ones as well. If we can find this balance in using natural resources, we can truly become an advanced world at large.
Susie- You delivered an exceptionally written abstract followed by a grounded perspective in your commentary. Recognizing the financial value of ecosystems is essential, and I think we’d be wrong to think most people don’t understand this. There is hope. Did the article mention any pathways some of these nations and corporations are taking to rectify the situation? It’s like trying to avoid a giant tragedy of the commons… maybe it starts with regulating the giant corporations… or expecting them to take leadership assuming they recognize their business is at risk, and then bringing in the smaller players later. What do you think?
In the article, they referred to biodiversity loss and climate change as the “twin crises,” which I think is a very accurate representation of the present issues. Our financial system is very dependent on biodiversity, making existing very possible. The Taskforce on Nature-related Financial Disclosures (TNFD) is one pathway being developed. This group will create a plan for corporations and institutions to reports on the risks that they may pose, as well as their explicit requirements for resources from the environment. This will make a more informed and interconnected system, which, like you wrote about, can begin with regulating bigger corporations, which will have an effect and lead to the restrictions of smaller ones as well. If we can find this balance in using natural resources, we can truly become an advanced world at large.