This article was originally published on International Institute for Environment and Development (IIED).
“According to Markus Lehmann, from the Convention on Biological Diversity, implementing the 20 Aichi biodiversity targets by 2020 – such as addressing underlying causes of biodiversity loss and safeguarding ecosystems, species and genetic diversity – will deliver substantial benefits to people and economies, but requires massive resource mobilisation.
Initial estimates place this cost in the region of US$130 billion to $440 billion per year globally (PDF), and will require significant mobilisation of international and domestic public resources.
Already under high fiscal pressure, this is a challenging request for ministers of finance, who face the burden of having to provide for short-term (and more politically visual) demands such as schools, roads, dams and water pipes. But it does not always have to be about “either-or” and penny pinching, but being a bit cannier on managing that purse…”