Collective decision-making under uncertainty: Nature loss 'dwarfs bank crisis'

Saturday, October 11, 2008

Nature loss 'dwarfs bank crisis'

"So whereas Wall Street by various calculations has to date lost, within the financial sector, $1-$1.5 trillion, the reality is that at today's rate we are losing natural capital at least between $2-$5 trillion every year (more from the BBC news)."

---from the public release of the TEEB report I blogged about early this year.

HT: Nate Hagens via GIEE list.

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My name is Shuang Liu and I work for CSIRO Ecosystem Sciences as a research scientist. Three key words that summarize my background are: problem-solving, the science-policy interface, and interdiciplinarity.

Trained as an ecological economist as a PhD student (Gund Institute for Ecological Economics, University of Vermont), I take solving real-world problems as the ultimate goal of my research (and yes, they did tell me publication is also important). So I have been working at the science-policy interface (so far mostly in the areas of ecosystem services and biological invasions) with my knowledge and training in biology, ecology, economics, public participation, and group facilitation.

Looking into the future, what intrigues me most is how we make collective decisions under uncertainty. Just think about our experience so far with GMOs, biological invasions, and of course climate change... This blog records the journal of my research in this direction.