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Market values are destroying nature: UN report
Without this shift, universally accepted goals of sustainable development and greater equity will remain out-of-reach, the science advisory panel for biodiversity, known as IPBES, found.
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In this file photo taken on September 15, 2021 aerial view showing smoke rising from an illegal fire destroying Amazonia rainforest in Porto Velho, Rondonia state, Brazil. Deforestation in the Brazilian Amazon reached a record high in the first half of 2022, while June was the worst month for forest fires since 2007, according to official data released on July 1, 2022.
(AFP /Mauro Pimentel)
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major UN report warned Monday that a global economy focused on short-term profit is wrecking the planet and called for a drastically different approach as to how we value nature.
Without this shift, universally accepted goals of sustainable development and greater equity will remain out-of-reach, the science advisory panel for biodiversity, known as IPBES, found.
"The way we understand economic growth is at the core of the biodiversity crisis," Unai Pascual, an ecological economist at the University of Bern and co-chair of a 139-nation meeting in Bonn that approved the report, told AFP.
"The new assessment aims to bring different types of values into the decisions leading us to transformative change."
Some 80 experts combed through more than 13,000 studies, looking at how market-based values have contributed to the destruction of ecosystems that sustain us, and what other values might best foster sustainability.
A 34-page Summary for Policymakers, approved over the weekend, comes as the UN steers an international process to stem species loss and protect nature.
In December, nations gather to finalise a treaty tasked with halting the decline of biodiversity and setting humanity on a path to "live in harmony with nature" by mid-century.
