Scientists launched a vast project on Thursday to map the genetic code of all 1.5 million known species of complex life on earth, aiming to complete the work within a decade.
They described the Earth BioGenome Project (EBP) as "the next moonshot for biology" after the Human Genome Project, a 13-year $3 billion endeavor to map human DNA which was completed in 2003.
According to Reuters, the EBP is expected to cost $4.7 billion and "will ultimately create a new foundation for biology to drive solutions for preserving biodiversity and sustaining human societies," said Harris Lewin, a professor at the University of California in the United States and chair of the EBP.
"Having the roadmap, the blueprints will be a tremendous resource for new discoveries, understanding the rules of life, how evolution works, new approaches for the conservation of rare and endangered species, and ... new resources for researchers in agricultural and medical fields,” Lewin told a briefing in London.
This plan will draw in major research efforts from across the world. Jim Smith, director of science at the Wellcome Trust global health charity, said the project would be "internationally inspirational" and had the potential to transform research into health and disease.
"From nature we shall gain insights into how to develop new treatments for infectious diseases, identify drugs to slow ageing, generate new approaches to feeding the world," he told the briefing.
So far, fewer than 3,500 complex life species, or only about 0.2%, have had their genomes sequenced.
Lewin said signs of rapid decreases in biodiversity and increases in the number of species becoming endangered or extinct underlined the urgency of the project.
"We desperately need to catalogue life on our planet now. We will do this not because it’s easy, but because it is hard and because it’s important to do."