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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 study led by McGill University sheds light on the stark economic cost resulting from biological invasions in the European Union (EU). Most invasive alien species are not adequately assessed for their actual and potential economic impacts therefore most cost estimates are grossly underestimated, say the researchers. To fill this gap, the team quantified the economic costs of biological invasions to the European Union, while estimating future invasion costs using predictive models.

Invasive species are well known for their huge ecological costs, but they also bring a massive economic burden with sociological, environmental and health impacts. New research led by the University of Aberdeen and the University of Auckland in collaboration with CNRS, France has established that invasive species have cost the New Zealand economy almost $100 billion in the last 50 years. While damage costs remain high, this total includes spending far more than most other countries on pre and post-invasion management techniques relative to its GDP.