A group of 30 global experts associated with the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES), including Dr Pierre Failler from the Faculty of Business and Law, have published a policy forum article in the prestigious journal Science. The contribution presented an innovative new approach: the idea of using all of nature’s contributions to people to inform policies and decisions.
Plentiful food, clean water and healthy air are among the most valuable and visible benefits of nature to people. Dr Failler, who is a Reader in Economics and Finance, said: “This will be a new framework for policy design regarding the environment, replacing the ecosystem services’ approach – popularised by the landmark 2005 Millennium Ecosystem Assessment. It is a new way to address links between humans and nature, such as in ecosystem valuation.