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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 can have severe impacts on ecosystems, economies, and human health. Though the economic impacts of invasions provide important foundations for management and policy, up-to-date syntheses of these impacts are lacking. To produce the most comprehensive estimate of invasive species costs within North America (including the Greater Antilles) to date, we synthesized economic impact data from the recently published InvaCost database (see related research article: InvaCost, a public database of the economic costs of biological invasions worldwide (Sep 8, 2020).
See also: This article is part of NeoBiota 67: The economic costs of biological invasions around the world.

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