Report shows that putting nature first can be great for the economy
The global pandemic of COVID-19 caused unprecedented job losses and great deal of economic uncertainty. As governments and companies seek to stimulate growth, a new study by the World Economic Forum found that ‘positive for nature’ solutions can create 395 million jobs by 2030.
The Future of Nature and Business provides practical insights needed for companies to lead the transition to a positive economy in relation to nature.
The report is based on real examples in which business results were much more advantageous when considering environmental sustainability.
Intelligent agriculture, using sensors and satellite images in Indonesia, improved crop yields by an average of 60%. The green development of the Suzhou Industrial Park in China has seen its GDP increase 260-fold through green development. In Vietnam, people living in coastal communities have seen their income more than double after mangrove restoration.
“We can tackle the impending biodiversity crisis and redefine the economy in a way that creates and protects millions of jobs,” said Akanksha Khatri, head of the World Economic Forum’s Nature Action Agenda. “Public calls are getting louder for companies and the government to do better. We can protect our food supplies, make better use of our infrastructure and explore new sources of energy, making the transition to positive solutions from nature,” he adds.
About the report
The report, Future of Nature and Business, highlights the need for a fundamental transformation in three socio-economic systems, which represent more than one third of the global economy and provide up to two thirds of all jobs: 1. use of food, land and oceans; 2. infrastructure and built environment; 3. energy and extractive activities.
Regarding the first item, for example, what we eat and grow represents about US $ 10 trillion of global GDP and employs up to 40% of the workforce worldwide. With positive solutions for nature, it would be possible to create 191 million new jobs and generate $ 3.6 trillion in additional revenue by 2030.