May 12, 2008

Ireland's Biodiversity: a Multi-billion Euro Asset new DoE report

The Minister for the Environment, Heritage and Local Government, Mr John Gormley, T.D., has today announced the publication of a study investigating the social and economic aspects of biodiversity in Ireland. 

To read the full report, click on the following link:

http://www.environ.ie/en/Heritage/NationalParksandWildlife/Biodiversity/PublicationsDocuments/FileDownLoad,17321,en.pdf

The report, produced by a consortium led by Dr Craig Bullock of Optimize Consulting, considered a number of key sectors including agriculture, forestry, infrastructure development, human health and climate change.  By drawing a comparison between the value of ecosystem services provided by biodiversity and the cost of implementing biodiversity protection policies, the authors established a marginal value of biodiversity to Ireland of at least 2.6 billion per annum. 

 
Minister Gormley also advised that the Department of the Environment, Heritage and Local Government would be preparing a revised Biodiversity Strategy for Ireland during 2008 and this new report highlights the need for a strong engagement from both the public and private sectors.