D4.4 Business model for a European biodiversity observation network based on the outcomes of the cost-benefit analysis of different monitoring scheme option

Although biodiversity monitoring costs are widely cited as a constraint, there have been very few assessments of these costs and even fewer studies have assessed the potential benefits of this monitoring. Here, we synthesise available evidence, alongside a comprehensive assessment of the costs of proposed biodiversity monitoring to explore the relative costs, benefits risks and opportunities in biodiversity monitoring. We find that the costs of biodiversity monitoring, €0.5bn-€3.6bn/year, are greatly outweighed by the combined economic benefits and opportunities arising from the availability of co-ordinated, high-quality data, which are estimated to be >€25.2bn/year.