How the Woolly Mammoth Could Prevent Trillions in Economic Loss

More than one million species are threatened with extinction, according to the United Nations. “Right now, it’s causing ecological effects,” says Ben Lamm, CEO and co-founder of Colossal Biosciences. “But tomorrow it’ll be causing economic effects.”

Perhaps known best for its efforts to bring back the woolly mammoth, Dallas-based Colossal’s core mission is preserving biodiversity—the variety of life in ecosystems. And biodiversity isn’t just important to conservationists—economists are also concerned.

The World Economic Forum estimates that “half of global GDP—$44 trillion—is dependent on nature to some extent,” and predicts that biodiversity loss and ecosystem collapse could cause a decline in global GDP of $2.7 trillion annually by 2030.

Luckily, Colossal is working on the problem.

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