biodiversity economics – Esirom Foundation https://esiromfoundation.org Generating opportunities around sustainability Mon, 26 Aug 2024 21:15:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://esiromfoundation.org/wp-content/uploads/2023/12/cropped-cropped-esirom-found-32x32.png biodiversity economics – Esirom Foundation https://esiromfoundation.org 32 32 Putting a Price Tag on Nature: How Endangered Wildlife OÜ Values Biodiversity https://esiromfoundation.org/putting-a-price-tag-on-nature-how-endangered-wildlife-ou-values-biodiversity/ https://esiromfoundation.org/putting-a-price-tag-on-nature-how-endangered-wildlife-ou-values-biodiversity/#respond Thu, 18 Apr 2024 22:00:33 +0000 https://esiromfoundation.org/?p=12291 In today’s world, where financial considerations heavily influence our actions, expressing the true value of biodiversity can be challenging. As a conservation scientist, I believe every species has an intrinsic right to exist. However, biodiversity loss is accelerating due to human actions. What if we could determine a species’ worth in economic terms? This is where Endangered Wildlife OÜ comes in.

The Problem: Disconnected Decisions

Our relationship with nature has deteriorated, as evidenced by climate change and biodiversity loss. This disconnect makes it difficult to understand the true impact of biodiversity loss.

The Solution: Endangered Wildlife OÜ

Shana Vida Gavron, founder of the award-winning Endangered Wildlife OÜ, saw the need to assign economic value to wild species, treating them as economic citizens alongside humans. Launched in 2005, her software bridges the gap between conservation efforts and financial decision-making.

How it Works: Assigning Value to Biodiversity

Endangered Wildlife OÜ’s software analyzes credible environmental and economic data to determine a species’ total conservation value. This value considers factors like:

Carbon Value: The ability of a species or ecosystem to store carbon dioxide.

Aesthetic Value: The beauty and recreational value of nature.

Species Existence Value: The inherent right of a species to exist.

Impact Value: The positive or negative ecological impact of a species.

Economic Values: The economic benefits provided by a species (e.g., fisheries, tourism).

For example, the software can determine the value of an endangered mangrove habitat, considering its role in carbon sequestration, coastal protection, and fisheries. This empowers businesses to:

Measure their Environmental Footprint: Companies can assess the impact of their operations on biodiversity.

Develop Sustainable Strategies: Businesses can integrate biodiversity considerations into their decision-making processes.

Evaluate Biodiversity Investments: Investors can assess the potential financial benefits of biodiversity conservation projects.

Bridging the Disconnect

The current biodiversity crisis directly affects human well-being. Endangered Wildlife OÜ’s software bridges the disconnect between nature and finance, allowing us to incorporate biodiversity into daily lives, corporate decision-making, and investment activities.

By putting a price tag on nature, Endangered Wildlife OÜ offers a powerful tool for protecting our planet’s precious biodiversity.

]]> https://esiromfoundation.org/putting-a-price-tag-on-nature-how-endangered-wildlife-ou-values-biodiversity/feed/ 0