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ScienceDaily (May 25, 2008) — What will the loss of biodiversity cost us in the long term? How much do national economies need to invest now in order to stop the trend? And what price will we have to pay if we do not act? These are the questions the TEEB – The Economics of Eco-systems and Biodiversity – project is seeking to answer.
The pilot study led by Pavan Sukhdev, who is head of Deutsche Bank’s Global Market Centre in London, was commissioned by the German Federal Ministry for the Environment (BMU) and the European Union. The BMU asked the Helmholtz Centre for Environmental Research (UFZ) to co-manage the scientific contributions to the study. Preliminary results will be presented during the 9th UN Conference on Biological Diversity (COP9) in Bonn, Germany on 29 May.
"Biological diversity not only maintains the equilibrium of ecosystems, it is also an inexhaustible source of potential new drugs. It helps sustain a healthy food chain and promotes water and soil quality," says Prof. Jürgen Mlynek, President of the Helmholtz Association. "Its value goes far beyond anything we can describe using economic indices, yet the material benefits it offers humankind are also tremendous.”