Bloomberg

September 28, 2022
Almost $1.9 trillion. That’s the amount Moody’s Investors Service says is at stake as biodiversity loss intensifies nature-related risks.

With financial markets currently under siege, concerns about biodiversity probably aren’t the first thing that comes to mind for panicked investors. But the long-term ramifications of a depleted natural world are potentially devastating.

High-risk sectors such as coal and metals mining, as well as oil and gas exploration and production, will likely face greater regulatory and investor scrutiny as every day passes. Companies that lack credible management strategies in this arena face the prospect of not only reputational damage, but also serious financial repercussions, Moody’s wrote in a 14-page report.

“Risks such as ecosystem health, biodiversity loss and natural resource management are rising up the policy and investor agenda,” said Rahul Ghosh, managing director of environmental, social and governance issues at Moody’s.

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The Straits Times

September 29, 2021
Nature is not, and cannot be, a passive victim of economic development, Deputy Prime Minister Heng Swee Keat said on Wednesday (Sept 29).

Not only does nature help make city life more liveable, it can also contribute to mankind's fight against climate change, he said, urging delegates gathered at the Ecosperity Week sustainability conference to take a fresh perspective on the natural environment.

The three-day conference is convened by Singapore's Temasek investment company for policymakers, investors, non-government groups and businesses, and is being held in a hybrid format with some attendees gathered at Marina Bay Sands. Wednesday marks the second day of the conference.

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Reuters

The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached and countries fail to invest more in protecting and restoring nature, the World Bank said on Thursday, calling for a greener COVID-19 recovery.

In its first “Economic Case for Nature” report, the bank looked at how many economies rely on biodiversity and how they would cope if certain services provided by nature collapsed. It found that sub-Saharan Africa and South Asia would be worst hit.

The study identified key “ecosystem services” that it said were close to tipping points, including wild pollinators and provision of food from marine fisheries and timber from native forests.

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PhysOrg

March 8, 2021
The economic benefits of conserving or restoring natural sites "outweigh" the profit potential of converting them for intensive human use, according to the largest-ever study comparing the value of protecting nature at particular locations with that of exploiting it.

A research team led by the University of Cambridge and the Royal Society for the Protection of Birds (RSPB) analysed dozens of sites—from Kenya to Fiji and China to the UK—across six continents. A previous breakthrough study in 2002 only had information for five sites.

The findings, published in the journal Nature Sustainability, come just weeks after a landmark report by Cambridge Professor Partha Dasgupta called for the value of biodiversity to be placed at the heart of global economics.

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UN News

March 2, 2021
The UN chief highlighted that the global economy increased almost fivefold in the past fifty years, but that growth was at a massive cost to the environment. 

“Nature’s resources still do not figure in countries’ calculations of wealth. The current system is weighted towards destruction, not preservation”, he said. 

“The bottom line … is that we need to transform how we view and value nature. We must reflect nature’s true value in all our policies, plans and economic systems”, Mr. Guterres urged, adding that by doing so, investment can be directed into actions that protect and restore nature. 

“The rewards will be immense”, he said. 

The call by the Secretary-General comes as countries convened at the UN Statistical Commission are set to deliberate a new statistical framework to measure economic prosperity and human well-being, which includes the contributions of nature. 

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Forbes

October 6, 2020
There is no future for business as usual. Our current economic system, which arguably has succeeded in creating unprecedented economic output, wealth and human welfare over the past 70 years, has led to exacerbated social inequalities and loss of nature at an extent that threatens the stability of our economies and societies – and could maybe even lead to a collapse of civilisation as we know it.

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BBC Future

August 3, 2020
After defaulting on its substantial national debt, the Seychelles was offered an unusual deal.

Located around 1,600 kilometres (994 miles) off the coast of East Africa, the Seychelles is an ecological paradise. The archipelago of 115 lush and rocky islands sits amongst vast swathes of ocean, covering some 1.35 million square kilometres (521,000 square miles). They’re home to some of the world’s last pristine coral reefs and are teeming with endangered species, including the southern fin whale and the Indian Ocean’s only dugongs – large marine mammals also known as “sea cows”.

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Asia Times

July 10, 2020
In the most comprehensive report to date on the economic implications of protecting nature, more than 100 economists and scientists find that the global economy would benefit from the establishment of far more protected areas on land and at sea than exist today.

The report considers various scenarios of protecting at least 30% of the planet to show that the benefits outweigh the costs by a ratio of at least 5-to-1. It offers new evidence that the nature conservation sector drives economic growth, delivers key non-monetary benefits, and is a net contributor to a resilient global economy.

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Phys.org

July 8, 2020
In the most comprehensive report to date on the economic implications of protecting nature, over 100 economists and scientists find that the global economy would benefit from the establishment of far more protected areas on land and at sea than exist today. The report considers various scenarios of protecting at least 30% of the world's land and ocean to find that the benefits outweigh the costs by a ratio of at least 5-to-1. The report offers new evidence that the nature conservation sector drives economic growth, delivers key non-monetary benefits and is a net contributor to a resilient global economy.

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Latercera

July 9, 2020
A recent report ensures that the conservation, restoration and creation of protected areas that cover around 30% of biodiversity and nature - terrestrial and marine - would generate enormous economic and financial benefits on a global scale and, furthermore, avoid the alarming collapse of the natural world that now threatens the extinction of up to a million species. Although for this, it is necessary, it is necessary to increase the investment to approximately 140 billion dollars on average in the next ten years, versus the 24 billion dollars today.

The study called " Protection of 30% of the planet for nature: costs, benefits and economic implications " , was prepared with the work of more than 100 scientists and economists who are part of the Campaign for Nature and Peoples (promoted by National Geographic and the Wyss Foundation). This is the most comprehensive global assessment of the financial and economic impacts of protected areas to date, and considers sectors such as agriculture, fisheries and forestry.

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WEF Blog

July 8, 2020
[…] A comprehensive report, Protecting 30% of the planet for nature: costs, benefits and economic implications, has arrived just in time. It concludes that the benefits of protecting 30% of the world’s land and ocean outweigh the costs by a factor of at least 5:1. This economic assessment follows the urgent call from scientists to protect at least 30% of the earth’s land and sea by 2030 to halt the collapse of biodiversity.

The IMF estimates that $10 trillion has been spent so far on official COVID-19 support measures worldwide, and forecasts global GDP will contract by an unprecedented 4.9% in 2020. Protecting 30% of the world’s land and ocean would require just 0.016% of global GDP. This seems like a very low insurance premium and incredibly safe bet on a system that has proven its sound productivity for over 3 billion years.

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CBC

July 8, 2020
With Earth's wildlife now facing an extinction crisis, a group of economists and scientists is hoping to persuade governments that it pays to protect nature.

Specifically, expanding areas under conservation could yield a return of at least $5 for every $1 spent just by giving nature more room to thrive.

That in turn would boost agricultural and forestry yields, improve freshwater supplies, preserve wildlife and help fight climate change — all of which would boost global economic output on average by about $337 billion ($250 billion US) annually, the group of more than 100 researchers argues in a paper published online Wednesday by The Campaign for Nature, a coalition of conservation organizations from around the world.

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Campaign for Nature

July 8, 2020
In the most comprehensive report to date on the economic implications of protecting nature, over 100 economists and scientists find that the global economy would benefit from the establishment of far more protected areas on land and at sea than exist today. The report considers various scenarios of protecting at least 30% of the world’s land and ocean to find that the benefits outweigh the costs by a ratio of at least 5-to-1. The report offers new evidence that the nature conservation sector drives economic growth, delivers key non-monetary benefits and is a net contributor to a resilient global economy.

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Reuters

July 8, 2020
With Earth’s wildlife now facing an extinction crisis, a group of economists and scientists is hoping to persuade governments that it pays to protect nature.

Specifically, expanding areas under conservation could yield a return of at least $5 for every $1 spent just by giving nature more room to thrive.

That in turn would boost agricultural and forestry yields, improve freshwater supplies, preserve wildlife and help fight climate change – all of which would boost global economic output on average by about $250 billion (199.38 billion pounds) annually, the group of more than 100 researchers argues in a paper published Wednesday.

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The Maritime Executive

February 22, 2020
New findings released in the peer-reviewed journal Nature Communications indicate that expansion of the Pacific Remote Islands and Papahanaumokuakea Marine National Monuments did not cause overall economic harm to the Hawaii-based longline tuna fishing fleet.

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