Nature is a blind spot in economics that we ignore at our peril, says Dasgupta Review
February 2, 2021.
A fundamental change in how we think about and approach economics is needed if we are to reverse biodiversity loss and protect and enhance our prosperity, an independent, global review on the Economics of Biodiversity said today.
Professor Sir Partha Dasgupta’s review presents the first comprehensive economic framework of its kind for biodiversity. It calls for urgent and transformative change in how we think, act and measure economic success to protect and enhance our prosperity and the natural world.
Grounded in a deep understanding of ecosystem processes and how they are affected by economic activity, the new framework presented by the Dasgupta Review – which was commissioned by HM Treasury - sets out the ways in which we should account for nature in economics and decision-making.