The world is experiencing a catastrophic drop in biodiversity. It is not only a environmental disasterbut it can also lead to financial ruin.
What is at stake: 44 trillion dollars of economic value depend moderately or highly on nature and its related services.
However, all is not lost. Since the world’s economies are so inextricably linked to the health of the environment, there are tremendous opportunities for financial investment, from both the public and private sectors, to support projects aimed at restore the Earth’s biodiversity.
Nature-based solutions and their derivatives offer a number of attractive investment opportunities that could boost the environment and the economy in the future.
The ratification of the Global Framework for Biodiversity in the COP15 Montrealin December 2022, and the publication of the beta versions of the Task Force on Nature Related Financial Disclosure (TNFD) they are a solid starting point and a much-needed impetus for meaningful action.
Advances in multiple biodiversity impact assessment tools, as well as environmental, social and governance information standards (IS Gfor its acronym in English), allow for better consideration of nature and biodiversity by financial institutions.
Both public and private capital they must work collaboratively and innovatively to finance biodiversity and business models that contribute to nature.
“Many of the problems of biodiversity are closely related to those of the climate change. Much of the loss of biodiversity is associated with the deforestation and that, of course, has a very big impact on carbon emissions. greenhouse gases”he claimed Joseph E. Stiglitz, a professor at Columbia University.
He also added that “if we did more to protect our forests and promote sustainable agricultureI think we would do a lot to protect biodiversity. It would at least be a good start.”
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Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
