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Showing posts with the label World Economic Forum

Building a new and strong economic narrative on nature loss and ecosystem degradation.

The damage we are inflicting on nature is not only a grave environmental crisis, it is a growing economic one. Despite many attempts over the last 50 years to make clear the links between the economy and a healthy environment — indeed to stress the dependence of the former on the latter — evidence is not leading to action.As far back as the 1972 Limits to Growth report from the Club of Rome, warnings have been raised about the ability of our planet to maintain a growing population, given current modes of production and consumption. Indeed, the Convention on Biological Diversity, agreed at the UN in 1992, set out to protect nature and ensure its sustainable use.In 2007, during the G8+5 countries meeting in Potsdam, Germany, environment ministers proposed to initiate the process of analysing the global economic benefit of biological diversity, the costs of the loss of biodiversity and the failure to take protective measures versus the costs of effective conservation, and that’s how The …