Biological invasions are a major threat to ecosystems, biodiversity, and human well-being, resulting in ecosystem degradation and causing economic costs in the multi-trillions of euros globally.
A sheds light on the stark economic cost resulting from biological invasions in the European Union.
The European Union continues to be exposed to thousands of invasive alien species – noxious species introduced by humans from outside of their natural range. The EU is particularly vulnerable because high economic activity itself increases the risks of biological invasions via trade and the transportation of goods among member states without substantial border control.
Most invasive alien species are not adequately assessed for their actual and potential economic impacts, and thus most cost estimates are grossly underestimated. To fill this gap, the research team quantified the economic costs of biological invasions to the European Union, while highlighting and filling knowledge gaps by correcting observed costs, and estimating future invasion costs using predictive models.
Their findings are alarming – of the approximately 13,000 invasive alien species known to have established populations in the European Union, only 259 (around 1%) have reported costs, showing substantial knowledge gaps in cost assessments regionally.
The researchers’ models projected unreported costs to be potentially 501% higher than currently recorded, reaching a staggering €26.64 billion (US$28.0 billion) in the European Union, led by countries such as Lithuania, Malta, and Czech Republic.
The study’s projections for future estimates revealed a substantial increase in costs and costly species, with estimates soaring to more than €142.73 billion (US$150 billion) by 2040 in the absence of effective management.
These findings underscore the urgent need for improved cost reporting to accurately assess the economic impacts of invasive alien species in a borderless system such as the EU.
Coordinated international action to prevent and mitigate the consequences of these invasions in the European Union and globally are therefore paramount. Countries must work together to stop new damaging invasive species from arriving, and to manage existing ones.
The lead researcher of the study, Morgane Henry from McGill University in Canada, commented, “Our study reveals a shocking underestimation of the economic costs of biological invasions in the European Union. These costs are not only a huge burden for the European Union’s economy, but also jeopardise the ecological balance and well-being of societies. It is imperative that we take immediate action to enhance cost reporting, identify the most concerning economic impacts, and work together on a global scale to address the threat posed by invasive alien species.”
, says biological invasions will create an insurmountable financial burden unless the EU and its governments take swift action to address the devastating ecological impact that’s happening.
“The economic damage is huge and will only continue to grow exponentially unless European biodiversity agencies are provided with stronger resources to implement prevention strategies and establish controls that get on top of biological invasions early,” says Professor Bradshaw.
“The EU has a unique opportunity to address the economic carnage being inflicted because its funding model enables a cohesive approach on projects across national borders. These figures should be a wakeup call that the current strategy isn’t working, and a new continent-wide strategy needs to be looked at immediately.”
This study improves our understanding of the economic consequences of biological invasions in the European Union. Policymakers, scientists, and stakeholders are encouraged to take heed of its implications and collaborate to protect our ecosystems, safeguard biodiversity, and ensure the well-being of our communities.
The article ‘Unveiling the hidden economic toll of biological invasions in the European Union’ is available by
