As the UK's Chancellor of the Exchequer in 2019, the Rt Hon Sajid Javid MP set the ambitious terms of reference for a landmark, independent, global review on the 'Economics of Biodiversity'. One of the main aims of this review, led by Professor Sir Partha Dasgupta (Frank Ramsey Professor Emeritus, University of Cambridge), was to create insight into how financial and policy decisions can reverse biodiversity loss.
Published in February 2021, it is the largest and most comprehensive review of its kind in the world. It explores the role of natural capital in delivering planetary, societal, and economic prosperity. Natural capital accounting assigns a monetary value to natural resources like forests and healthy soil, allowing businesses to calculate the “true cost” of their decisions.
The green economy has welcomed the review with open arms, but many are still waiting to see how global policymakers and businesses will implement the advice of the review.
In this Study Group, the Rt Hon Sajid Javid MP and Professor Sir Dasgupta will discuss the review, its key findings and next steps.
https://www.gov.uk/government/publications/final-report-the-economics-of-biodiversity-the-dasgupta-review
Speakers and Presenters
Sajid Javid, Partha Dasgupta