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Earth Day: saving the planet may cost $100 billion per year
Why in news?
- Scientists propose a policy to prevent another mass extinction event.
- In this policy scientists have said “saving the diversity and abundance of life on the earth may cost $100 billion a year”.
More in news
- Danger of sixth mass extinction:(1) There have been five mass extinctions in the history of the earth.(2) Scientists now estimate that society must urgently come to grips this coming decade to stop the very first human-made biodiversity catastrophe.(3) The sixth extinction is on our society’s shoulders.
Global Deal for Nature (GDN)
- The Global Deal for Nature is a time-bound, science-based plan to save the diversity and abundance of life on Earth.
- It is the policy’s mission is to save the diversity and abundance of life on the earth.
- The essence of implementing the plan is to set up protected areas of land as natural ecosystems.
- Societal investment in the GDN:(1) Societal investment in the GDN plan would, for the first time, integrate and implement climate and nature deals on a global scale to avoid human upheaval and biodiversity loss.(2) 2015 Paris Climate Agreement was the first major accord to take global action toward climate change policies.(3) GDN scientists believe a similar companion pact is desperately needed to implement the very first global nature conservation plan to meet these challenges.
- Three goals of GDN to protect biodiversity:(1) Conserving at least 30% of the earth’s surface by 2030.(2) Mitigate climate change by conserving the earth’s natural carbon storehouses.(3) Reduce major threats.
Source
The hindu