Biodiversity – or the variability within and among genetic resources, species and ecosystems – is often referred to as the “living fabric of our planet”. A significant driver of sustainable growth and development, it provides the biological foundation from which ecosystems deliver a wide range of goods and services that support human livelihoods and activities. Yet the tendency to overlook environmental impacts and dependencies in economic decision-making has had serious implications for both environmental and human well-being.
Biodiversity and ecosystems thus present crucial opportunities in terms of marrying economic growth and environmental conservation. Numerous initiatives, including ”The Economics of Ecosystems and Biodiversity” (TEEB) and ”Wealth Accounting and the Valuation of Ecosystem Services” (WAVES), seek to help policy makers and practitioners incorporate the “living fabric” into development planning, accounting and decision-making.
Relevance to SDGs
Sustainable Development Goal (SDG) 15 covers biodiversity loss. In particular, goal 15.5 covers halting the loss of biodiversity and 15.9 emphasizes the integration of biodiversity values into national and local planning, development processes, poverty reduction strategies and accounts.
Explore green growth resources related to SDG 15: