'If you think of nature as a factory at your service, your emphasis will be on extracting the highest yields possible.'
A major UN report warned Monday that a global economy focused on short-term profit is wrecking the planet and called for a drastically different approach as to how we value nature.
"The new assessment aims to bring different types of values into the decisions leading us to transformative change." In December, nations gather to finalize a treaty tasked with halting the decline of biodiversity and setting humanity on a path to "live in harmony with nature" by mid-century. A million species ‚ including, arguably, our own — are threatened with extinction and global warming is on track to make large swathes of the planet unlivable.Two landmark UN reports — one on climate change in 2018, another on biodiversity in 2019 — concluded that only a wholesale transformation of the way we produce, distribute and consume almost everything can stave off global warming and a collapse of ecosystems.
Many still fear that sustainability can only be achieved at the expense of well-being, when in fact a natural world that can regenerate itself is the bedrock for healthy societies in the future, scientists say.A narrow cost-benefit analysis of development projects such as the Grand Renaissance Dam along Ethiopia's Blue Nile or the Mayan Train project on Mexico's Yucatan Peninsula weighed the value of electricity, tourism or jobs against the cost of construction or displacing populations.
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