China Dialogue

July 20, 2020
Two major reports, by the World Economic Forum and the Campaign for Nature, describe the vast economic benefits of protecting and restoring the living world

Businesses that add value to nature instead of degrading and destroying it could tap into a $10.1 trillion opportunity which could create 395 million jobs by 2030.

This is the central finding of a major new analysis by the World Economic Forum (WEF). The report is the second of three from the forum’s New Nature Economy series, which aims to demonstrate the relevance of nature-loss to boardroom discussions on risks, opportunities and financing.

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Reuters

July 14, 2020
South Korea outlined a plan on Tuesday to spend 114.1 trillion won (£75.38 billion) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.

The six-year plan will build digital infrastructure and a stronger safety net for job seekers, but its “Green New Deal” aspects have drawn attention as they aim to cut heavy reliance on fossil fuels in Asia’s fourth-largest economy.

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World Economic Forum

July 14, 2020
The Future of Nature and Business, the second of three reports in the World Economic Forum’s New Nature Economy series, provides the practical insights needed to take leadership in shifting towards a much needed nature-positive economy.

As the world prepares to recover from the COVID-19 pandemic and resulting crisis, we are presented with an unprecedented clarion call, and opportunity, to change the way we eat, live, grow, build and power our lives to achieve a carbon-neutral, ‘nature-positive’ economy and halt biodiversity loss by 2030. Business as usual is no longer an option.

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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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Common Dreams

July 9, 2020
The U.S.-based Center for Biological Diversity warned Thursday of the "urgent action needed to save life on Earth" in response to a new global assessment revealing that nearly 27% of over 120,000 analyzed plant and animal species are now threatened with extinction.

"This assessment shows that one in four mammals are facing extinction, and although we don't prefer to think of ourselves as animals, we humans are mammals," Tierra Curry, a senior scientist at CBD, said in a statement. "We have to take bold and rapid action to reduce the huge damage we're doing to the planet if we're going to save whales, frogs, lemurs, and ultimately ourselves."

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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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The Guardian

July 8, 2020
Nearly a third of the world’s oceans and land area could be placed under environmental protections without harming the global economy, and even produce bumper economic benefits if the right policies were followed, according to a global assessment.

Ecosystems around the world are collapsing or hovering on the brink of disaster, with a million species threatened with extinction. But if at least 30% of the planet’s land and oceans were subject to conservation efforts, that mass extinction could be avoided and vital habitats restored, scientists estimate.

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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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WEF Blog

July 1, 2020
The most destructive way to obtain food from the ocean is bottom trawling. Especially egregious are the ships called 'supertrawlers', the largest fishing vessels in the world. Their nets, which are large enough to hold a dozen 747 jets, destroy everything in their paths, including 1,000-year-old deep corals.

Surprisingly, bottom trawling is allowed within some marine protected areas (MPAs) in the UK. Even worse, according to a recent Greenpeace investigation, 25 supertrawlers spent almost 3,000 hours fishing – legally – in 39 different MPAs in the UK in 2019.

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Media Indionesia

June 24, 2020
The group consisting of former heads of state, foreign ministers, and diplomats from four continents launched the Campaign for Nature on July 17, 2020.

Indonesia was represented by former Environment Minister Emil Salim who was a member of the Global Steering Committee . The committee was led by former US Senator and former Special Envoy for the Great Lakes Region of Africa Russ Feingold.

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Indian Flash

June 20, 2020
From former Heads of State to former Foreign Ministers, everyone has joined together against the destruction of the natural world, noting that it has a bearing upon the health, economies and well being of mankind. The world lenders have come together under Campaign for Nature’s Global Steering Committee with an aim of reaching out to the world leaders to support a new global goal to protect at least 30 percent of the planet’s land and ocean by 2030.

Noting that land and marine conservation is timelier than ever, they said that Covid 19 pandemic has further underscored the need to protect more of the natural world. Several studies have shown that destruction of nature increased the risk of infectious disease, they added.

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