Financial Costs of Meeting Global Biodiversity Conservation Targets: Current Spending and Unmet Needs

Donal McCarthy, Paul Donald, Jorn p. W. Scharlemann, Graeme Buchanan, Andrew Balmford, Jonathan Green, Leon Bennun, Neil Burgess, Lincoln Fishpool, Stephen Garnett, David Leonard, Richard Maloney, Paul Morling, Martin Schaefer, Andy Symes, David Wiedenfeld, Stuart Butchart

    Research output: Contribution to journalArticle

    Abstract

    World governments have committed to halting human-induced extinctions and safeguarding important sites for biodiversity by 2020, but the financial costs of meeting these targets are largely unknown. We estimate the cost of reducing the extinction risk of all globally threatened bird species (by ?1 International Union for Conservation of Nature Red List category) to be U.S. $0.875 to $1.23 billion annually over the next decade, of which 12% is currently funded. Incorporating threatened nonavian species increases this total to U.S. $3.41 to $4.76 billion annually. We estimate that protecting and effectively managing all terrestrial sites of global avian conservation significance (11,731 Important Bird Areas) would cost U.S. $65.1 billion annually. Adding sites for other taxa increases this to U.S. $76.1 billion annually. Meeting these targets will require conservation funding to increase by at least an order of magnitude.
    Original languageEnglish
    Pages (from-to)946-949
    Number of pages4
    JournalScience
    Volume338
    Issue number6109
    DOIs
    Publication statusPublished - 2012

    Fingerprint Dive into the research topics of 'Financial Costs of Meeting Global Biodiversity Conservation Targets: Current Spending and Unmet Needs'. Together they form a unique fingerprint.

  • Cite this

    McCarthy, D., Donald, P., Scharlemann, J. P. W., Buchanan, G., Balmford, A., Green, J., Bennun, L., Burgess, N., Fishpool, L., Garnett, S., Leonard, D., Maloney, R., Morling, P., Schaefer, M., Symes, A., Wiedenfeld, D., & Butchart, S. (2012). Financial Costs of Meeting Global Biodiversity Conservation Targets: Current Spending and Unmet Needs. Science, 338(6109), 946-949. https://doi.org/10.1126/science.1229803