Economics of biodiversity subsume the economics of climate change - Sir Partha Dasgupta

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In this episode of Mongabay Sessions, Gopikrishna Warrier interviews Professor Sir Partha Dasgupta, Frank Ramsey Professor Emeritus of Economics at the University of Cambridge in the U.K. Speaking at length to Mongabay-India, Sir Partha explained that the economic model being used for climate change negotiations is built on the conventional GDP-based growth model practised in countries across the globe. It adds the element of climate on top of this model and if enough money is spent to mitigate the emissions, then global economic growth can continue unabated. However, this is a flawed understanding, since it does not take into consideration the importance of biodiversity and ecosystem services provided by nature.
Read more: india.mongabay.com/2023/12/cl...
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