Topic updates
Natural Capital - The Battle for Biodiversity
26th December 2016
Annually, the world spends nearly $40 billion on pesticides but only $50 billion a year on protecting bio-diversity. To sustain We are destroying the natural resources, wildlife and habitats that we depend upon for survival at a devastating pace.
This short OECD economics video looks at the decline of natural capital and what policy interventions might be needed to slow down or halt the process. This includes taxing negative externalities, reducing harmful subsidies, paying farmers for environmental husbandry and using bio-diversity offsets.
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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