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SAO PAULO, Brazil - Setting aside an additional 1.2% of the world's land as nature preserves would prevent the majority of predicted plant and animal extinctions and cost about $263 billion, according to a study published on Tuesday.The world is racing to meet a goal to protect 30% of the world by 2030 to protect wildlife that is being decimated by climate change, pollution and habitat destruction.
The study estimated the $263 billion bill is how much it would cost to acquire the new areas, many of which include private property, at current value over the next five years."Time is not on our side because it will become increasingly more expensive and more difficult to set aside additional protected areas," Peres said.Land acquisition makes up most of the cost of creating protected areas, and the study did not consider the upkeep costs for policing the reserves.
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