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The Indicator from Planet Money

The cost of saving a species

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 9 September 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

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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Transcript

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0:00.0

NPR.

0:02.0

The splendid poison frog, the Yankti River Dolphin, the Maui Akipa songbird.

0:18.8

These are all animals that went extinct over the last couple of decades.

0:23.4

Those are sounds our grandchildren won't hear, and it could even mean that medicines never get discovered.

0:30.2

Yeah, Ozenpick was developed after a chance discovery with venom from the Gila monster lizard,

0:35.7

and that lizard is near threatened.

0:38.5

Hugh Possingham is a scientist at the University of Queensland and Australia,

0:42.3

and Hugh says these extinctions are largely due to human activity.

0:47.4

We are in a mass extinction, and the rate at which species are going extinct is roughly

0:50.8

100 times the normal rate.

0:52.7

So if you're wondering how to help, what kind of donation or policy would have the most

0:57.5

impact, Hugh actually has an answer.

1:00.3

He has a way to maximize biodiversity.

1:03.5

This is the indicator from Planet Money.

1:05.6

I'm Whelan Wong.

1:06.3

And I'm Dariam Woods.

1:07.7

Today on the show, cost-effective conservation.

1:14.2

Hugh challenges ecologists to think more like economists, and we meet some incredibly cute tortoise hatchlings on a tropical island.

1:19.0

Don't we can't we.

1:24.1

If you want to learn how to save species cheaply, Hugh Possingham's your guy.

1:29.0

My life is very complicated.

1:30.8

I'm 31 boards and committees outside my day job.

...

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