… a group of highly respected economists and scientists led by Pavan Sukhdev, then a senior Deutsche Bank economist, conducted an authoritative economic analysis of the value of biodiversity.
Their conclusion? The cost of the business activities of the world’s 3,000 largest corporations in loss or damage to nature and the environment now stands at $2.2tn per year. And rising.
These costs will have to be paid for in the future. By your children and your grandchildren. To quote Sukhdev: The rules of business urgently need to be changed, so corporations compete on the basis of innovation, resource conservation and satisfaction of multiple stakeholder demands, rather than on the basis of who is most effective in influencing government regulation, avoiding taxes and obtaining subsidies for harmful activities to maximise the return for shareholders.
Do I think that will happen? No.
Ten Billion, by Stephen Emmott – Penguin –
Where does this leave us? Let’s look at it like this. If we discovered tomorrow that there was an asteroid on a collision course with Earth and – because physics is a fairly simple science – we were able to calculate that it was going to hit Earth on 3 June 2072, and we knew that its impact was going to wipe out 70% of all life on Earth, governments worldwide would marshal the entire planet into unprecedented action. Every scientist, engineer, university and business would be enlisted: half to find a way of stopping it, the other half to find a way for our species to survive and rebuild if the first option proved unsuccessful. We are in almost precisely that situation now, except that there isn’t a specific date and there isn’t an asteroid. The problem is us. Why are we not doing more about the situation we’re in – given the scale of the problem and the urgency needed – I simply cannot understand. We’re spending €8bn at Cern to discover evidence of a particle called the Higgs boson, which may or may not eventually explain mass and provide a partial thumbs-up for the standard model of particle physics. And Cern’s physicists are keen to tell us it is the biggest, most important experiment on Earth. It isn’t. The biggest and most important experiment on Earth is the one we’re all conducting, right now, on Earth itself. Only an idiot would deny that there is a limit to how many people our Earth can support. The question is, is it seven billion (our current population), 10 billion or 28 billion? I think we’ve already gone past it. Well past it.
I asked one of the most rational, brightest scientists I know – a scientist working in this area, a young scientist, a scientist in my lab – if there was just one thing he had to do about the situation we face, what would it be? His reply? ‘Teach my son how to use a gun.’