Posts in economic prosperity
Protecting 30% of planet could bolster economy, study says

The Guardian

July 8, 2020
Nearly a third of the world’s oceans and land area could be placed under environmental protections without harming the global economy, and even produce bumper economic benefits if the right policies were followed, according to a global assessment.

Ecosystems around the world are collapsing or hovering on the brink of disaster, with a million species threatened with extinction. But if at least 30% of the planet’s land and oceans were subject to conservation efforts, that mass extinction could be avoided and vital habitats restored, scientists estimate.

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Economic Benefits of Protecting 30% of Planet’s Land and Ocean Outweigh the Costs at Least 5-to-1

Campaign for Nature

July 8, 2020
In the most comprehensive report to date on the economic implications of protecting nature, over 100 economists and scientists find that the global economy would benefit from the establishment of far more protected areas on land and at sea than exist today. The report considers various scenarios of protecting at least 30% of the world’s land and ocean to find that the benefits outweigh the costs by a ratio of at least 5-to-1. The report offers new evidence that the nature conservation sector drives economic growth, delivers key non-monetary benefits and is a net contributor to a resilient global economy.

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Does it pay to protect nature? A new study weighs in

Reuters

July 8, 2020
With Earth’s wildlife now facing an extinction crisis, a group of economists and scientists is hoping to persuade governments that it pays to protect nature.

Specifically, expanding areas under conservation could yield a return of at least $5 for every $1 spent just by giving nature more room to thrive.

That in turn would boost agricultural and forestry yields, improve freshwater supplies, preserve wildlife and help fight climate change – all of which would boost global economic output on average by about $250 billion (199.38 billion pounds) annually, the group of more than 100 researchers argues in a paper published Wednesday.

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Report: Pacific Marine National Monuments Don't Harm Fishing Industry

The Maritime Executive

February 22, 2020
New findings released in the peer-reviewed journal Nature Communications indicate that expansion of the Pacific Remote Islands and Papahanaumokuakea Marine National Monuments did not cause overall economic harm to the Hawaii-based longline tuna fishing fleet.

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