Quick Answer: What Is The Economic Importance Of Biodiversity?

What is the importance of biodiversity?

Ecological life support— biodiversity provides functioning ecosystems that supply oxygen, clean air and water, pollination of plants, pest control, wastewater treatment and many ecosystem services.

Recreation—many recreational pursuits rely on our unique biodiversity , such as birdwatching, hiking, camping and fishing..

What are 5 benefits of biodiversity?

The Importance of BiodiversityIncrease ecosystem productivity; each species in an ecosystem has a specific niche—a role to play.Support a larger number of plant species and, therefore, a greater variety of crops.Protect freshwater resources.Promote soils formation and protection.Provide for nutrient storage and recycling.More items…

What are 3 benefits of biodiversity?

Biodiversity Underpins Economic Activity Food production relies on biodiversity for a variety of food plants, pollination, pest control, nutrient provision, genetic diversity, and disease prevention and control. Both medicinal plants and manufactured pharmaceuticals rely on biodiversity.

How does loss of biodiversity affect the economy?

Whilst human-made changes to ecosystems have often generated large economic gains, biodiversity loss damages the functioning of ecosystems and leads to a decline in essential services, which may have severe economic consequences, particularly in the longer term.

What are examples of biodiversity?

Most people recognize biodiversity by species—a group of individual living organisms that can interbreed. Examples of species include blue whales, white-tailed deer, white pine trees, sunflowers, and microscopic bacteria that can’t even be seen by the naked eye.

How does biodiversity affect human health?

Biodiversity supports human and societal needs, including food and nutrition security, energy, development of medicines and pharmaceuticals and freshwater, which together underpin good health. It also supports economic opportunities, and leisure activities that contribute to overall wellbeing.

What is biodiversity in your own words?

Biodiversity is defined as “the variability among living organisms from all sources including, inter alia, terrestrial, marine and other aquatic ecosystems and the ecological complexes of which they are part; this includes diversity within species, between species and of ecosystems.”

Which type of biodiversity is most important?

Biodiversity boosts ecosystem productivity where each species, no matter how small, all have an important role to play. For example, A larger number of plant species means a greater variety of crops. Greater species diversity ensures natural sustainability for all life forms.

What do u mean by biodiversity?

Scientific Biodiversity Definition. The term “biodiversity” refers to the variety of living organisms. Biodiversity brings together the different species and forms of life (animal, plant, entomological and other) and their variability, that is to say, their dynamics of evolution in their ecosystems.

What are the social benefits of biodiversity?

Biodiversity is important in supporting vital ecosystem services (ES) such as provision of clean water, but can also provide social benefits, such as improved employment. The report focussed on the impact of biodiversity on employment and the value of biodiversity and the services provided for vulnerable rural people.

How do humans maintain biodiversity?

Attract “good” insects by planting pollen and nectar plants. Maintain wetlands by conserving water and reducing irrigation. Avoid draining water bodies on your property. Construct fences to protect riparian areas and other sensitive habitats from trampling and other disturbances.