Exploring missing links between nature and economy through sustainable development goals

Pushpam_thumbThe research on interdependencies between the economic values of biodiversity and ecosystem services and their contribution to sustainable global economic growth has not received the attention it deserves. At the core of Dr Kumar’s presentation is established research on work that provides a structured approach to valuation in order to help decision-makers recognise the wide range of benefits provided by ecosystems and biodiversity, demonstrate their values in economic terms and, where appropriate, capture those values in decision-making.

Dr Kumar is the chief of the Ecosystem Services Economics Unit in the Division of Environment Programme Implementation at the United Nations Environment Programme. During his presentation at the 5th CSIR Conference, he will lead a discussion on the potential to measure the contribution of nature on world economies and on the inadequate recognition of the dependence of economies on nature in global and national policies.

Making reference to the Sustainable Development Goals (SDGs) that would be integrated as follow-up to the Millennium Development Goals after their 2015 deadline, he will list the methods to capture the contributions from nature and how to measure them for sustainable macroeconomic policies and planning.

The soon-to-be published SDGs are the more all-encompassing goals that were agreed to by various committed governments at the United Nations Rio+20 summit in Brazil, in 2012. The SDGs will continue the fight against extreme poverty, but also add the challenges of ensuring more equitable economic growth and environmental sustainability, especially the key goal of curbing the dangers of human-induced climate change.