Time to upgrade the barometer

Hello world,
Several leaders in conservation have called for an increase in knowledge about the natural world. They advocate for more species to be researched for the Red list, to make it a true barometer of life. The writers believe that the number of species out there exceeds our knowledge by as much as 8 million. Right now, they wish to expand the list to about 160,000 species, which would cost about 60 million dollars. Unfortunately, the process would take about 20 years. I think this is too little, too slow. Humans need to act fast if we want to save the world. Biodiversity is something we simply cannot live without.
Here's the link;
http://news.bbc.co.uk/2/hi/science/nature/8609020.stm
There you go.