Mayur bhosale

WHAT IS BIODIVERSITY ?

INDIVIDUAL LIFEFORMS + THE
INTERACTIONS BETWEEN THOSE
LIFEFORMS = BIODIVERSITY

The term “biodiversity” refers to the variety of living organisms. Biodiversity brings together different species and forms of life such as animals, plants, etc. It refers to the variety of life on Earth on all levels, from genes to ecosystems and can encompass the evolutionary, ecological and cultural process that sustain life.

Biodiversity includes not only species we consider rare, threatened, or endangered but also every living thing—from humans to organisms we know little about, such as microbes, fungi, and invertebrates.

Biodiversity in Indian……!

India is one of the world’s megadiverse countries, with 45,000 plant species and twice as many animal species. India has only 2.4 per cent of the world’s land area, but it has 8.1 per cent of the world’s species diversity, making it one of the world’s 12 mega diversity countries.India is the world’s 8th most biodiverse region with a 0.46 BioD score on diversity index, 102,718 species of fauna and 23.39% of the nation’s geographical area under forest and tree cover in 2020.

Contribution of biodiversity in Indian economy:-

Biodiversity has provided number of benefits to human beings. But, the national income accounting calculation has not been successful in calculating it real economic value. Developing countries like India having large number of population are depending on nature for their livelihood support. However, population pressure and climate change are giving additional pressure to biodiversity. The local policy makers have concerns about conservation of biodiversity and improving livelihood of local people in the context of sustainable development. The system of environmental economic accounting has brought a comprehensive methodology for natural resource and national accounts. In India, environmental accounting in general and biodiversity in particular are at very early stage. This paper has discussed biodiversity and their value integration into economy based on previous studies. The value of biodiversity must be integrated with national accounting calculation for the sustainability perspective.

How biodiversity contribute in economy?

Natural capital underpins all economic activities and human well-being; it is the world’s most important asset. However, humanity’s demands on natural capital are unsustainable. The unprecedented and widespread decline of biodiversity is generating significant but largely overlooked risks to the economy, the financial sector and the well-being of current and future generations. This report, prepared by the OECD as an input to the UK’s G7 Presidency in 2021, provides policy guidance for Finance, Economic and Environment Ministries to underpin transformative domestic and international action to halt and reverse biodiversity loss. The analysis focuses on four priority action areas for governments. First, adapting measures of national performance to better reflect natural capital, and mainstreaming biodiversity into strategies, plans, policies and projects. Second, better leveraging fiscal policy and economic instruments to support the conservation and sustainable use of biodiversity, including in COVID-19 recovery packages. Biodiversity-related tax revenues, for example, account for just 0.9% of all environmentally related tax revenues. Third, embedding nature-related dependencies, risks and impacts into the financial sector. Fourth, improving biodiversity outcomes linked to trade, including by reforming environmentally harmful and market distorting government support, which stands at more than USD 800 billion per year.

Benefits of biodiversity!!!!!

Each of the above mentioned factors are directly or indirectly to the economy….!

Why’s biodiversity important to environment and economy!!

Biodiversity is important to humans for many reasons. Biodiversity is also considered by many to have intrinsic value—that is, each species has a value and a right to exist, whether or not it is known to have value to humans. The biodiversity book by the Commonwealth Scientific and Industrial Research Organisation (CSIRO; Morton & Hill 2014) describes 5 core (and interacting) values that humans place on biodiversity:

Economic—biodiversity provides humans with raw materials for consumption and production. Many livelihoods, such as those of farmers, fishers and timber workers, are dependent on biodiversity.

It is very important for each and everyone of us to understand the importance of biodiversity, we are blessed to live in a mega diverse country, a country in wich biodiversity also plays an important role in economy of country

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-Mayur Bhosale Student,kes shroof college