In Europe, droughts are getting longer, floods are becoming more frequent, and biodiversity is declining. The costs of global climate and nature crises are already showing up in balance sheets: it is estimated that over half of global Gross Domestic Product (GDP) is “moderately or highly dependent on nature”.
As the bill keeps rising, one thing is becoming increasingly clear: nature is a fundamental part of the solution. The Multiannual Financial Framework 2028-2034 provide a clear opportunity to integrate and, crucially, increase financial flows for nature in the EU.
Cities are already saving money and generating a range of other benefits by integrating nature into new developments. In Stockport, UK, a new bus interchange was built with an integrated roof garden and drainage system. As well as creating a nice space for people, it is estimated that £116,000 was saved in avoided costs compared to the alternative grey infrastructure drainage. What’s more, it also created habitat for wildlife.
