Financial Costs of Meeting Global Biodiversity Conservation Targets: Current Spending and Unmet Needs
World governments have committed to halting human-induced extinctions and safeguarding
important sites for biodiversity by 2020, but the financial costs of meeting these targets are
largely unknown. We estimate the cost of reducing the extinction risk of all globally threatened
bird species (by ≥1 International Union for Conservation of Nature Red List category) to be
U.S. $0.875 to $1.23 billion annually over the next decade, of which 12% is currently funded.
Incorporating threatened nonavian species increases this total to U.S. $3.41 to $4.76 billion
annually. We estimate that protecting and effectively managing all terrestrial sites of global
avian conservation significance (11,731 Important Bird Areas) would cost U.S. $65.1 billion
annually. Adding sites for other taxa increases this to U.S. $76.1 billion annually. Meeting
these targets will require conservation funding to increase by at least an order of magnitude.
Publication Date: 2012
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