News Headline
How to measure your firm's biodiversity footprint
Source
Guardian (UK)
Publication Date
2011-01-10
Biodiversity is the new carbon in environmental circles, but can you really measure, manage or cost it as easily as you can carbon? Share Comments (0) By David Burrows, Business Green, Guardian Sustainable Business Network guardian.co.uk, Monday 10 January 2011 12.37 GMT Biodiversity is often dubbed the 'new carbon'. Illustration: Frans Lanting/Corbis It was October 2006 when Nicholas Stern published his review on the economics of climate change for the government. At the time, top climate change economist professor Michael Grubb hailed the report, suggesting that it "finally closes a chasm that has existed for 15 years between the precautionary concerns of scientists, and the cost-benefit views of many economists". Four years on and many are pinning their hopes on the TEEB report having the same impact on biodiversity.