In short
The Indicator from Planet Money: Episode Summary
Episode Title
The Cost of Saving a Species
Episode Overview In this episode, the hosts delve into the alarming rate at which species are going extinct, mainly due to human activity. The discussion centers around how conservation efforts can be optimized through an economic lens, promoting a cost-effective approach to maximizing biodiversity.
Key Themes
- Extinction Crisis: The podcast opens with examples of extinct species, emphasizing the loss of biodiversity and its implications, including the potential loss of natural resources for medical advancements.
- Economic Approach to Conservation:
- Scientist Hugh Possingham emphasizes the need for conservationists to adopt economic principles when planning conservation efforts.
- The discussion contrasts traditional conservation efforts focusing on cute or critically endangered species with a more quantitative approach prioritizing cost and probability of success.
Important Insights
- Cost-Effectiveness in Conservation:
- Hugh argues for a ranking system to assess which species can be saved most effectively, similar to cost-per-pound labels in supermarkets.
- The current conservation funding model often leads to more extinctions as it prioritizes high-profile species over potentially easier-to-save species that may not be as charismatic.
- Tropical Biodiversity:
- The podcast highlights the importance of focusing conservation efforts in tropical regions and islands, where biodiversity is highest and many species are endemic (found nowhere else).
- Hugh identifies countries like Indonesia and Madagascar as critical areas for investment in conservation.
Conservation Strategies
- Land and Habitat Protection:
- Protecting ecosystems, such as jungles and grasslands, can lead to broader benefits for multiple species, not just the targeted ones.
- Invasive Species Management:
- Removal of introduced predators on islands is a cost-effective method for species recovery, as illustrated by the success with the Pinzone tortoise in the Galapagos.
Case Study
Island Conservation
- The episode features the work of Island Conservation, which focuses on predator removal in the Galapagos to help revive the Pinzone tortoise population. Their efforts have led to successful hatchling growth after decades of decline due to invasive species.
Conclusion
- The episode wraps up with a light-hearted discussion of the tortoises and the cuteness factor in conservation. The hosts reflect on the balance between economic efficiency and emotional connections to species in conservation efforts.
Related Episodes
- The Habitat Banker
- The Echo of the Bison
- Saving Birds with Economics
Final Thoughts This episode of The Indicator encourages listeners to consider the intersection of economics and ecology in conservation strategies and underscores the importance of making informed, cost-effective choices in efforts to save endangered species.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:01NPR
0:11The splendid poison frog, the Yangtze river dolphin, the Maui akepa songbird, these are all animals that went extinct over the last couple of the last couple of the last couple of the last couple of the last couple of last. Those are sounds our grandchildren won't hear, and it could even mean that medicines never get discovered. Yeah, Ozempic was developed after a chance discovery with venom from the Gila monster lizard, and that lizard is near threatened. Hugh Possingham is a scientist at the University of Queensland in Australia, and Hugh says these extinctions are largely due to human activity.
0:47We are in a mass extinction, and the rate at which species are going extinct is roughly 100 times the normal rate. So if you're wondering how to help, what kind of donation or policy would have the most impact, Hugh actually has an answer. He has a way to maximize biodiversity. This is The Indicator from Planet Money. I'm Waylon Wong. And I'm Darian Woods. Today on the show, cost-effective conservation. Hugh challenges ecologists to think more like economists. And we meet some incredibly cute tortoise hatchlings on a tropical island. Oh, I can't wait.
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2:08Luckily, the Dell PC helps you get it all done. Get yours at dell.com slash holiday. This message comes from Warby Parker. What makes a great pair of glasses? At Warby Parker, it's all the invisible extras, without the extra cost, like free adjustments for life. Find your pair at warbyparker.com or visit one of their hundreds of stores around the country. If you want to learn how to save species cheaply, Hugh Possingham's your guy. My life is very complicated. I'm on 31 boards and committees outside my day job. I used to be the chief scientist of the Nature Conservancy in the US. Hugh says his big aha moment came in the late 1990s when he was speaking with some officials from the Australian federal government.
2:52And they were talking about spending money recovering species. And at that point in time, the primary strategy was to spend almost all your money on the species that are most critically endangered. This was kind of an ambulance at the bottom of the cliff approach. A lot of the money was also flowing to cute animals, and that's pretty typical in conservation. And I was sitting at the back of the room as an invited expert and I said, some of these species are really expensive to save. It's going to be hard to save them and maybe almost impossible to save. So there's two other factors other than how likely a species is to go extinct that I think we should be thinking about.
3:27One is cost and one is probability of success. Cost and probability of success. You'll notice cuteness not on the list. Maybe we can add it on later. This was a simple but radical way to think about conservation. Basically, Hugh was saying the government could rank what would save species most cheaply and redirect its money there, kind of like the cost-per-pound labels you see in the supermarket. In that meeting with the Australian officials, Hugh said that the current approach actually meant more extinctions. Some of the things we're working on, some of these very expensive birds and mammals, which are iconic, we could use that money to save 50 species of threatened plant.
4:07What do you want? Do you want to save this one bird or mammal or do you want to save 50 species of plant, which may not be currently as threatened, but much cheaper to save? Was that a sacrilegious kind of thing to say in the room? It is pretty well. And they said, you can't do that. We can't allow species to go extinct. And I said, you are already, because in fact, at the moment, for example, the federal government only funds 110 of the 2 ,000 listed species. So most countries are not spending money on the majority of their threatened species. Darren, I just realized this is like the trolley problem, but for endangered species.
4:41It is. And while it's never been solved, today we're actually going to solve it for species. Oh, I can't wait. Watch out, animals and plants of the world. Anyway, Hugh never convinced the Australian federal government of his quantitative approach to conservation. Deciding what lives and dies is an intensely emotional subject. But Hugh is a trailblazer in the world of quantitative ecology, and he's had wins elsewhere. The New Zealand government, for example, picked up his framework. Also a bunch of non-profits and regular people trying to make a difference. Hugh says that in the supermarket of species, there is a real bargain.
5:20Local plants. It might cost you$20 ,000 to save a threatened plant. But a small group of people can put out the fences to protect them from herbivores. They can grow them without permits. They can spread them around. But if you're wanting to save animals and are thinking globally, Hugh says a little math goes a long way. He points towards some general principles. First, go where the largest number of threatened species are, near the equator. The tropics are more biodiverse. Those parts of the tropics where we're losing species are also more important. And once you get even more narrow, zooming in on tropical islands, you start to get a lot of endemic species.
5:59That means species found nowhere else on the planet. Indonesia has the most endemic bird species, for example, in the world. Islands also mean that animals and birds have evolved for millions of years without predators found on the main continents, like cats or rats that eat bird eggs. So the island species don't have the same defences. People arrive, they bring pigs, they bring rats. A lot of the birds were flightless. So literally a thousand bird species have disappeared from islands. And so that's why Hugh says if he were to invest a dollar of his own money, he would look in Indonesia and Madagascar, tropical island nations.
6:36They're losing species left, right and centre, and they are globally significant. Globally significant because we might value different creatures differently. You might want to save some animals more because they're more unusual or they might be more culturally significant. OK, so that's the framework. Bang for buck, high in tropical areas, especially islands. So now what do we do, Darian? Right, so there are a lot of different ways to help. You could capture some salamanders, say, and breed them in a zoo. You could protect a coral reef. You could patrol a forest to protect against poachers. And Hugh says it does depend on the exact situation, but one technique he doesn't think is cost-effective is captive breeding programs.
7:19One of your more expensive threatened species, the Californian condor, they're amazing. I mean, they're gigantic. And they've saved them to a certain extent, but the cost was tens, if close to$100 million, probably over the last 30 or 40 years. So they've been expensive, but it doesn't help many other things, captive breeding. In contrast to the California condor breeding program, preserving land or ocean can have multiple benefits. India is now claiming that their tiger numbers are increasing, But a lot of that is largely habitat protection. And that habitat protection is saving a lot of other mammals and birds and amphibians and reptiles.
7:57In other words, you're saving two birds with one stone when you protect jungles and grasslands. Not just the target species, but all the other life in that habitat too. And for the islands, Hugh says there's another technique that gets you a good bang for your buck. Removing those introduced predators. In other words, poisoning, trapping or shooting pigs, rats, cats. And to ensure the solution carries on into the future, Hugh says local community buy-in is critical. So let's see this in action. Darian, you promised us tortoises. To the Galapagos! There is a charity called Island Conservation. It ticks basically all of Hugh's boxes.
8:38It's focused, as the name suggests, on islands. And the group is mainly in the tropics. It focuses on habitats and predator removal. Penny Becker, the group's CEO, says island conservation was particularly concerned about a tortoise in the Galapagos called the Pinzone tortoise. The Pinzone tortoise was becoming an aging population where they have not been able to have little hatchlings actually successfully be able to grow up on the island because of invasive species for more than 150 years. It was like a retirement village for tortoises. Exactly, yes. A social security crisis on the Galapagos.
9:19After years of planning, island conservation lay poisonous rat bait all around the island. Twice, actually, just to be sure. And just immediately, within one to two years, you're seeing hatchlings that are successfully growing up on the island again. Okay, Waylon, let's watch the video. We have to do it. Oh my gosh, I can't wait. Okay. it made this little sound and now it's like trying to crawl out of the hole that's um that's fanny's colleague talking oh right and the colleague's saying it's coming it's coming i know that we're not supposed to be just focused on what's cute but these are so cute these are both doing good and are cute this is like the best of all possible worlds If we are maximizing our adorableness per dollar, I think that is money well spent.
10:14And if you want to see that video, it's on our Instagram, at Planet Money. This episode was produced by Cooper Cats for Kim with engineering by Jimmy Keely. It was fact-tracked by Sierra Juarez. Alex Goldbach edited this episode and Cake and Cannon edits the show. The Indicator is a production of NPR. This message comes from the Council for Interior Design Qualification. Interior Designer and CIDQ President Siavash Madani explains the value of having an NCIDQ certification. An NCIDQ certified interior designer must complete a minimum of six years of specialized education and work experience and pass the three-part NCIDQ exam.
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From the publisher
Animals are going extinct at an alarmingly fast rate, largely due to human activity. Same for plants. This is bad for all kinds of reasons, not least of which is that breakthrough drugs often come from nature. But there isn’t consensus on how to save these species.
Part of the debate asks the economic question: with limited money going to the work, where will it have the most impact? Today on the show, the cost-effective plan to maximize biodiversity that asks ecologists to approach the question more like economists.
Related episodes:
The Habitat Banker
The echo of the bison
Savings birds with economics
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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