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The Economics of Biodiversity

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The Economics of Biodiversity

IMF,

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Economic growth and natural resource use must not outstrip the planet’s overall capacity.

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With climate change an ever-increasing threat, natural capital – the full spectrum of ecosystems and biodiversity on Earth – is now emerging as a critical economic component. In this in-depth interview, IMF head Kristalina Georgieva explores the concept with professor Partha Dasgupta, one of the foremost thought leaders in environmental and resource economics. Readers seeking to understand the connection between biodiversity and a sustainable economy will appreciate this insightful overview.

Summary

Nature assets are a fundamental component of the world’s capital.

Climate change is informing the dialogue on economic sustainability and the use of natural resources. Maintaining biodiversity, protecting global ecosystems and elevating the role of natural capital in a functioning economy are critical themes in the conversation. Nature assets are integral parts of the capital equation, alongside real estate, intellectual property, human labor and financial assets.

Nature assets involve complex ecosystems such as rainforests, oceans and atmospheric conditions. Natural capital...

About the Speakers

Kristalina Georgieva is the managing director of the IMF. Sir Partha Dasgupta is emeritus professor of economics at the University of Cambridge. 

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