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The Costly Consequences: Invasive Alien Species Exceed $423 Billion Annually, says UN Report

by Hashem Ali
September 7, 2023
in Business
2 min read
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The High Cost of Invasive Alien Species

Introduction

The presence of spotted lanternflies in New York City not only creates a repulsive sight, but it also comes with a hefty price tag.

The Alarming Costs

According to a recent report by the Intergovernmental Platform on Biodiversity and Ecosystem Services, the annual cost of invasive alien species has surpassed $423 billion worldwide. This organization operates under the United Nations.

Understanding Invasive Alien Species

The report identifies over 37,000 alien species that have been transported globally due to human activities. Out of these, more than 3,500 are classified as invasive species, posing a threat to nature and its benefits for humanity.

Invasive alien species, as defined in the report, are those that have successfully spread and established themselves, causing detrimental effects on both nature and people.

Escalating Costs

According to the report, the expenses associated with invasive species have quadrupled every decade since 1970.

The True Extent of the Problem

Martin Nuñez, the coordinating lead author of the report, believes that the estimated $423 billion cost is a significant underestimate. He suggests that the true cost likely reaches into the trillions, as it includes the substantial impact on human health. Nuñez points to diseases such as malaria, Zika, and West Nile Fever, which are spread by alien mosquito species like Aedes albopictus and Aedes aegyptii, particularly in developing countries.

Local Impact: Spotted Lanternflies in New York

In the case of spotted lanternflies invading New York, the state estimates an annual cost of at least $300 million. This primarily affects the grape and wine industry, which suffers significant financial losses due to these insects originating from China.

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