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Cost of Preventing Next Pandemic ‘Equal to Just 2% of COVID-19 Economic Damage’

July 24, 2020 |

This article was originally published on The Guardian.


“The cost of preventing further pandemics over the next decade by protecting wildlife and forests would equate to just 2% of the estimated financial damage caused by Covid-19, according to a new analysis.

Two new viruses a year had spilled from their wildlife hosts into humans over the last century, the researchers said, with the growing destruction of nature meaning the risk today is higher than ever.

It was vital to crack down on the international wildlife trade and the razing of forests, they said. Both bring wildlife into contact with people and their livestock. But such efforts are currently severely underfunded, according to the experts.

Spending of about $260bn (£200bn) over 10 years would substantially reduce the risks of another pandemic on the scale of the coronavirus outbreak, the researchers estimate, which is just 2% of the estimated $11.5tn costs of Covid-19 to the world economy. Furthermore, the spending on wildlife and forest protection would be almost cancelled out by another benefit of the action: cutting the carbon dioxide emissions driving the climate crisis.

…Prof Stuart Pimm at Duke University in the US, part of the research team, said: “Investment in prevention may well be the best insurance policy for human health and the global economy in the future. We could stop future pandemics before they start.””

Read on at: The Guardian

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