We review the economic channels by which the COVID-19 pandemic and subsequent policy responses may affect wildlife and biodiversity. The pandemic is put in the context of more than 5,000 disease outbreaks, natural disasters, recessions and armed conflicts in a sample of 21 high biodiversity countries. The most salient feature of the pandemic is its creation of multiple income shocks to rural and coastal households in biodiverse countries, correlated across sectors of activities and spatially. Various research and policy opportunities and challenges are explored.