Update or outdate: long-term viability of the IUCN Red List

It is estimated that the global yearly expenditure on biodiversity conservation action exceeds one billion U.S. dollars. One of the key tools for prioritizing conservation actions is the International Union for Conservation of Nature (IUCN) Red List, the most authoritative and comprehensive source of information on the global extinction risk of species (covering ca. 60,000 as of today). While IUCN's vision is to increase the taxonomic coverage of the Red List, no adequate plan exists to keep it up to date.