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The Economics of Biodiversity: UK Treasury’s Call for Evidence

August 15, 2019 |

This call for evidence was originally published on

“In March 2019, a new independent global review was announced by HM Treasury to assess the economic value of biodiversity and to identify actions that will simultaneously enhance biodiversity and deliver economic prosperity. This review on the Economics of Biodiversity is being led by Professor Sir Partha Dasgupta.

The review will report ahead of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity in China in October 2020. The evidence in the review aims to help shape the international and UK response to biodiversity loss, including the successors to the Aichi Biodiversity Targets. It also aims to inform global action to deliver the Sustainable Development Goals. The primary audiences for the review are economic and finance policy and decision makers who significantly influence the response to biodiversity loss through policy, finance and investment decisions.

The review has been asked to examine the evidence on:

    • How biodiversity supports sustainable economic growth;
    • The implications of further biodiversity loss for the prospects for economic growth over the coming decades, accounting for the interaction with other aspects of environmental degradation, including climate change;
    • The impact, effectiveness and efficiency of existing national and international actions and arrangements to limit and reverse the loss of biodiversity and their impact on economic growth.

The review has been asked, based on this evidence, to provide an assessment of:

    • A range of scenarios for enhancing global biodiversity compared with business as usual, focusing on the medium to long-term perspective and the relationship with economic growth; and
    • The range of best practices, initiatives and interventions for industry, communities, individuals and governments that can simultaneously achieve the goals of enhancing biodiversity and delivering sustainable economic growth. This will draw out implications for the timescales for action and the range of scenarios above. It will recognise the interactions with climate change mitigation and adaptation needs and opportunities.

This Call for Evidence will contribute to the Dasgupta Review’s advice. The Dasgupta Review will be based on a thorough consideration of robust, relevant, up-to-date evidence, including the existing work of the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES), the Millennium Ecosystem Assessment and The Economics of Ecosystems and Biodiversity (TEEB)…”

Read on and respond to the call for evidence at

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