Tuesday, January 26, 2021
Home Environment Countries Fail to Invest in Nature-Related Economic Reforms in their Pandemic Recovery...

Countries Fail to Invest in Nature-Related Economic Reforms in their Pandemic Recovery Plans

That report noted the extinction rate is "already at least tens to hundreds of times higher than it has averaged over the past 10 million years"

Most countries are failing to invest in nature-related economic reforms or investments in their Covid-19 pandemic recovery plans, says a study.

Indeed, some countries, including the US, Brazil and Australia, are back-tracking on existing laws and relaxing regulations and enforcement actions aimed at protecting nature, according to lead author Pamela McElwee, Associate Professor at Rutgers University-New Brunswick in the US.

Follow NewsGram on Twitter to stay updated about the World news.

Only the European Union and member countries are making substantial financial investments in biodiversity for post-Covid planning, said the study published in the journal One Earth.

Other nations, including India, Pakistan and New Zealand are proposing investments in nature-based jobs like ecological restoration, but only at modest levels.

Nature protection takes backseat in most pandemic recovery plans
Only the European Union and member countries are making substantial financial investments in biodiversity for post-Covid planning, said the study. Unsplash

“We still see huge amounts of financial support for harmful practices, such as subsidizing overfishing or fossil fuel production or building infrastructure that will harm ecological integrity,” McElwee said.

“Only a small number of countries are addressing the biodiversity crisis in the serious manner it deserves.”

Want to read more in Hindi? Checkout: कैबिनेट बैठकों में पासवान का हस्तक्षेप बहुत व्यावहारिक होता था: मोदी

The paper, by economists, anthropologists and environmental scientists at many institutions on three continents, explores the changes in global economic systems — including incentives, regulations, fiscal policy and employment programmes — that are necessary to shift away from activities that damage biodiversity and move toward those supporting ecosystem resilience.

Unless action is taken, around one million species face extinction, many within decades, and the global rate of species extinction will accelerate, according to the 2019 Global Assessment Report on Biodiversity and Ecosystem Services from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).

That report noted the extinction rate is “already at least tens to hundreds of times higher than it has averaged over the past 10 million years.”

Nature protection takes backseat in most pandemic recovery plans
Unless action is taken, around one million species face extinction, many within decades, and the global rate of species extinction will accelerate. Unsplash

The new paper spells out the actions governments should be taking in their stimulus and recovery plans that would prioritize nature, provide immediate employment benefits and lead to longer-term transformations in the global economy.

Also Read: Instagram Emerges as the Most Preferred Social Media Platform Among Indian Youth

Examples include shifting from harmful fossil fuel subsidies to beneficial ones, including those that encourage environmentally friendly farming; carbon taxes that could support forest protection programmes; and work programmes that focus on ecological restoration and green infrastructure.

While many scientists and politicians have promoted a Covid-19 recovery that is low carbon, how to include biodiversity and ecosystems in economic plans has received much less attention, said the study. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Green Tax To Be Levied On Polluting Vehicles: Transport Ministry

The Union Minister for Road Transport and Highways Nitin Gadkari on Monday said his department has approved a proposal to levy "Green Tax" on...

38% Indian Women Techies Prefer WHF

Almost 38 per cent Indian women working in a tech or IT industry prefer working at home to working in the office, says a...

Telangana Boy Develops Smart Wristband Aiding Alzheimer’s

A 13-year-old boy from Telangana, who developed a smart wristband to monitor Alzheimer's patients, is one of the recipients of Pradhan Mantri Rashtriya Bal...

Diwali 2022 Opens Doors To An Extended Temple In Dubai

A new Hindu temple in Dubai, the foundation stone of which was laid last August amidst the pandemic, will open its doors to worshippers...

Changing Mood In Ayodhya Chronicled In New Book

Fear, apprehension and suspicion has finally been replaced with a sense of ease and excitement and Ayodhya, after the Supreme Court verdict - is...

Scientists Ask For Strict Measures To Restrict New Covid-19 Strain

With new Covid-19 strains reported from several parts of the world giving fresh threats to the fight against the pandemic, a group of scientists...

Pandemic: An Eye-Opener For Health Sector

The Covid-19 pandemic should serve as an eye-opener for the government to increase allocation for the health sector in the Union Budget 2020-21, feel...

Tri-colour, The Colour Code For Republic Day

Republic day is around the corner and so is the end of winter fashion. So why not end it in style? Here are some...

Recent Comments