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2020 strategy undermines economics of biodiversity, says WWF

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Tuesday, 30 March 2010

2020 strategy undermines economics of biodiversity, says WWF

Despite recognising the key role that biodiversity and ecosystem services play in delivering economic prosperity, the 'Europe 2020' strategy fails to highlight nature protection, according to WWF's European director Tony Long. "Biodiversity is a huge part of our economy and this is why it is even more surprising that the EU 2020 strategy does not pay proper attention to it," Long said. The Commission's final draft 'Europe 2020' strategy was published on the 3rd  March. Long referred to European Commission's own statements, according to which the annual loss of biodiversity and ecosystem services totals some €50 billion. As for EU Environment Commissioner Janez Potočnik, he said that "as an economist, I understand how biodiversity affects our economic prosperity". Commission estimates show that the cost of doing nothing to protect biodiversity by 2050 would be 7% of global GDP, he added.

Source: Euractiv