World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Conserving biodiversity is a business opportunity

Embargoed until 00:01GMT Thursday, March 27, 2008

Conserving biodiversity is a business opportunity, say IUCN and Shell

Gland, Switzerland, March 27, 2008 (IUCN)– The business case for conserving nature is strong and getting stronger, according to a new report published today by IUCN (International Union for Conservation of Nature) and Shell International Limited.

The report calls for policy reforms to increase the commercial rewards for conserving biodiversity, increased penalties for biodiversity loss and better information on the biodiversity performance of business. A key challenge facing all biodiversity businesses is the lack of accepted indicators to measure positive and negative contributions to biodiversity conservation.

As the world wakes up to the accelerating loss of biological diversity, businesses are increasingly viewing biodiversity conservation as a potential profit centre, says the report, Building Biodiversity Business. 

“There are numerous pro-biodiversity business opportunities that can generate significant profits as well as benefits for nature,”saysDr Joshua Bishop, IUCN’s Senior Adviser on Economics and the Environment.“But a few inspiring examples aren’t enough. This report shows how to achieve a major increase in business investment in biodiversity conservation, by linking policy reforms, technical assistance and innovative financing tools.”

Ecotourism is one example of how money can be made from looking after species and their habitats. Environmentally-friendly tourism is expanding at a rate of 20-30 percent annually, compared with 9 percent for tourism as a whole.

Many other businesses, historically responsible for the loss of biodiversity, are starting to lead the way by protecting biodiversity. Markets for organic agriculture and sustainably-harvested timber are growing at double-digit rates. Another major area of growth is the demand for climate mitigation services, such as the protection of forests and wetlands to absorb carbon dioxide.

Bioprospecting, the search for new compounds, genes and organisms in the wild, is also a biodiversity business on the rise. Some suggest the sector could be worth as much as US$500 million by 2050.

“For businesses to conserve biodiversity it must ultimately become more profitable to protect nature and use natural resources sustainably, rather than ignore or destroy it,”saysSachin Kapila, Group Biodiversity Adviser at Shell International Limited.

To download the full report, please visit http://www.shellvmsdownload.com/clientdownload.asp?id=11984&u=71&c=13

ends

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC