Damage to ecosystems services to cost £10 trillion by 2050
This report from the global wildlife foundation WWF assesses the global economic impacts of nature loss. It finds that under a business-as-usual scenario, global GDP in 2050 could be 0.67% lower than if six ecosystems services (crop pollination, carbon storage, marine fisheries, protection of coasts from flooding/erosion, water supply and timber production) remain unchanged - a cumulative cost of US$10 trillion. A global conservation strategy could increase global GDP by 0.02% in 2050 relative to no change in these six ecosystems services.