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The Economic Value of Biodiversity General statistics of losses of biodiversity up to the present • By the year 2000, only about 73% of the original global natural biodiversity was left. • Anthropogenic rate of species extinction is estimated to be 1,000x more rapid than natural rate of extinction. • As of 2006, 12% of all birds, 23% of mammals, 33% of amphibians, 42% turtles and tortoises, 25% of conifers and 52% of cycads are classified as threatened. • 60% of earth’s ecosystem services have ben degraded in the last 50 years. Marine and Freshwater • A third of all assessed freshwater species are threatened with extinction. The global collapse of most of the world fisheries is due to overfishing. • Over the last 25 years, 3.6 million hectares of mangroves have disappeared worldwide. • Since 1900 over half of wetland worldwide have disappeared. • Over 20% of the world’s coral reefs have been destroyed by fishing, pollution, disease, and coral bleaching. By 2030 60% of coral reefs could b lost. Forests and Crops • In the last 300 years, global forests have shrunk by approx. 40%. They have completely disappeared in 25 countries and another 29 countries have lost more than 90% of their forest cover. • An estimated ¾ of the planet’s crop agricultural diversity is already destroyed. Drivers of biodiversity loss • Conversion to agricultural land • Expansion of infrastructure (changes from pristine to asphalt) • Climate change • Most dramatic changes are in the Savannah Biome, The Grasslands, and the Boreal Forest Known economic benefits of biodiversity • Medicine: over 50% have a natural origin , trade value in medicinal plants is over $60 billion/year, of all anti-cancer drugs available, 42% are natural and 34% semi-natural. • Forests: timber harvested= $400,000million/yr provides subsistence and wage employment, source of fuel for cooking and heating for 2.6 billion people. • Coral Reefs: Some 9-12% of the world’s fisheries are based directly on reefs, while offshore fisheries rely on them as breeding, nursery or feeding grounds. • Tourism generates millions of dollars from coral reefs annually. • Coral reefs provide genetic resources for medical research as well as protect many coastal areas (islands). • Mangroves: function as nurseries for many species. They act as watershed protection by keeping intact coastal ecosystems • Fisheries in waters adjacent to mangroves tend to have higher yields • Over 1 billion people worldwide are dependent on fish as their sole or main source of animal protein while fish provided more than 2.6 billion people with at least 20% of their average per capita animal protein intake. • Healthy reefs and mangroves can absorb 7090% of the energy in wind-generated wavesprotecting shorelines from storms.