There is no future for “business as usual”.
ystemic transformation is needed to shift towards the kind of economy envisaged in the European Green Deal where economic growth is decoupled from resource usage, industry is decarbonised and climate neutral, and all members of society are engaged in this transition in a fair and equitable way. To achieve this systematic transformation, disruptive change is required.
Change towards a nature-based economy where the value of nature in economic processes is recognised and measured, where the use of natural resources is reduced and restored, and where the diversity of actors involved in the production and consumption of nature are engaged in decision making processes about how nature should be used.
Nature-based solutions (NBS) are essential to achieve the goals of the European Green Deal and those of the global UNFCCC Paris Agreement While much focus to date has been on the environmental or social benefits of NBS, less attention has been paid to their economic potential and their role in a just transition to the type of sustainable economy. This paper addresses this imbalance by proposing a paradigm shift regarding the economic potential of nature and proposes a series of transformative change actions and immediate actions to boost the nature-based economy.
Policy Dialogue: Realising the potential of the nature-based economy (29th June 2021)
Speakers: Minister Leonore Gewessler, Austria; Philippe Tulkens, European Commission; Oliver Hillel, CBD (UN); Alice Charles, World Economic Forum; Jacek Jaśkowiak, Mayor of Poznań; Rafał Trzaskowski, Mayor of Warsaw; Aurélie Tailleur, ADEME, French Environment Agency; Susanne Formanek, Grünsttgrau; Antonia Lorenzo, CEO Bioazul
Who wrote this paper?
This Paper is a synthesis of an EC Expert Publication being prepared by the Nature-Based Economy Working Group of Task Force III of the European Commission (for full list of authors and contributors please see the introductory section of the full report). Task Force 3 on “Governance, Business Models and Financial Mechanisms” aims to support and accelerate private sector uptake of NBS, and stimulate private sector investment in NBS, to move in the direction of an inclusive nature-based economy that creates new business opportunities and green employment (especially in light of post-COVID-19).
The recommendations of this document will be debated at a high-level policy dialogue at the end of June 2021 following which they will be shared as part of an open consultation process running until mid-September 2021.
Thereafter this paper and the consultation responses received will form the basis for an EC Expert Publication on the Nature-Based Economy which will be launched at the European Business Summit in November 2021.
Policy makers at global, European, national and local government level
Practitioners – nature-based enterprises delivering nature-based solutions
- Innovation ecosystem actors – business support agencies
This draft White Paper for consultation is aimed at policy makers at all levels of government and across all fields of policy implementation. It will be particularly valuable in stimulating cross-sectoral policy dialogues between policy makers responsible for climate change and/or biodiversity policy and those responsible for sustainable economic growth policies within the context of rapidly depleting stocks of natural capital. The recommendations of this White Paper provide a basis for dialogue with wider stakeholders in business, society, the investment community and the innovation ecosystem on the changes needed to shift towards a Nature-based Economy.
We welcome your feedback on this important topic.