The Intrinsic Valuation of Biodiversity Loss

Adrien Bilal, Noémie Pinardon-Touati and Conor Walsh

No 35592, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We explore the welfare costs of the loss of animal life in a consequentialist total utilitarian framework that incorporates the intrinsic value of living beings through their sentience. Moral philosophy and neuroscience define sentience as the capacity for valenced experience. Observable performance on cognitive tests represents a conservative lower bound on sentience under plausible neuroscientific assumptions. We estimate the relationship between cognition and neuron counts to cardinalize sentience. We collect population and neuron data for a wide range of animal species, and aggregate them into a single welfare measure. Across a wide range of parameters, the aggregate sentience losses of animals in the past half century outstrip the sentience gains to humans from population growth by at least 10,000-fold. Breaking even in welfare terms requires assigning a correspondingly small welfare weight to animals. Including the benefits of economic growth to humans does little to change these overall welfare losses.

JEL-codes: D61 D63 O44 O57 Q56 (search for similar items in EconPapers)
Date: 2026-08
Note: EEE EFG
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