Why pander to the pandas?
Chris Packham has recently (and not for the first time) suggested that we should stop trying to save the panda — an expensive exercise — and instead put our efforts and resources to ‘better use.’ This suggestion is worth some unpacking.
His argument is a familiar one about cost-effectiveness and resource allocation: we should use our resources so as to maximise their beneficial effects. This kind of argument relies, of course, on an estimation of the value of pandas (and so the disvalue of their extinction) with the cost-effectiveness of saving them being this value divided by the cost of doing so. This is then compared to the value and cost-effectiveness of other environmental concerns like protecting “biodiversity hotspots”.
Importantly there is a range of ways of valuing pandas and biodiversity that each may give different answers to the question of what we should do. It is instructive to consider a number of combinations of these to see how they might pan out and affect Packham’s claims.