Latin America and the Caribbean Civil Society Forum

Latin America and the Caribbean Civil Society Forum TEEB ll 10/28/2020 ll ll 1

TEEB – Interim Report Three Key Messages Economic Size & Welfare Impact of Losses is huge Strong link with Poverty & risk of MDG’s failure Discount rates are ethical choices 2

Level of Biodiversity in the World in 2000 Mean Species Abundance (MSA) indicator Remaining MSA in % 3 Source: 10/28/2020 Ben ten Brink (MNP) presentation at the Workshop: The Economics of the Global Loss of Biological Diversity 5 -6 March 2008, Brussels, Belgium.

Level of Biodiversity in the World in 2050 One Scenario of the future : OECD/Globio Remaining MSA in % v MSA loss from 72% to 61% v Natural Areas decline by 7. 5 Million Sq. Km. 4 Source: 10/28/2020 Ben ten Brink (MNP) presentation at the Workshop: The Economics of the Global Loss of Biological Diversity 5 -6 March 2008, Brussels, Belgium.

Losses in ‘PV’ terms… (‘COPI’ study, May 2008) A : 50 -year impact of inaction or ‘business as usual’ Welfare losses equivalent to 7 % of GDP, horizon 2050 10/28/2020 B : Natural Capital Loss every year Natural Capital Lost : Annually EUR 1. 35 x 1012 to 3. 10 x 1012 (@ 4% Discount Rate) (@ 1% Discount Rate) 5

Global Loss of Fisheries… Human Welfare Impact q Open Access & Perverse Subsidies are key drivers of the loss of fisheries q Half of wild marine fisheries are fully exploited, with a further quarter already over-exploited q at risk : $ 80 -100 billion income from the sector q at risk : est. 27 million jobs We are fishing down the food web to ever smaller species… q but most important of all…. . at risk : Health … over a billion rely on fish as their main or sole source of animal protein, especially in developing countries. Source: Ben ten Brink (MNP) presentation at the Workshop: The Economics of the Global Loss of Biological Diversity 5 -6 March 2008, Brussels, Belgium. Original source: Pauly 28. 10. 2020 UNEP ETB

TEEB – Interim Report “From Economics to Policies” Rethink todays subsidies to meet tomorrow’s priorities Reward unrecognized benefits, penalize uncaptured costs Share the benefits of conservation Measure what we Manage ! 7

TEEB – Final Reports Nov 2009 – August 2010 Science & Economics Foundations, Policy Costs, & Costs of Inaction Policy Evaluation for Policy-Makers Decision Support for Administrators Business Risks & Opportunities Citizen & Consumer Ownership 10/28/2020 8