Pavan Sukhdev, Managing Director and Head of Global Markets at Deutsche Bank AG, London, has been appointed to lead the on-going EU review into the economics of biodiversity loss. The aim of the project is to determine the economic cost of worldwide biodiversity loss, in the same way that the Stern Review showed the incontrovertible cost of ‘business as usual’ models of action to address climate change.
Alongside his role at Deutsche Bank, Pavan Sukhdev is also director of the Green Accounting for Indian States Project, a study on the economic significance of biodiversity in India.
The preliminary results of the EU study will be presented to the 9th Conference of the Parties on the Convention on Biological Diversity in Bonn in May this year.
Sukhdev is a brilliant economist, best man for the job. It will be interesting to see what he comes up with.