Avoiding land conversion would result in a general increase in global real GDP in 2030 that is estimated to be up to $150 billion

Image: Timrael in Pixabay

The Economic Case for Nature” is part of a series of papers by the World Bank that lays out the economic rationale for investing in nature and recognizes how economies rely on nature for services that are largely underpriced. This report presents a first-of-its-kind global integrated ecosystem-economy modelling exercise to assess economic policy responses to the global biodiversity crisis. Modeling the interaction between nature’s services and the global economy to 2030, the report points to a range and combination of policy scenarios available to reduce the impact of nature’s loss on economies.

 

This modeling framework represents an important steppingstone towards ‘nature-smart’ decision-making, as it seeks to support policymakers who face complex tradeoffs involving the management of natural capital, and hence achieving growth that is resilient and inclusive.

Key messages

The document aims to provide analytical insights to inform the process leading up to the 15th Conference of the Parties (COP-15) of the Convention on Biological Diversity, and assist countries implement the new post-2020 global biodiversity framework.

 

Read on at World Bank Group

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