New Nature Economy Report IIThe Future Of Nature And Business

Resource description:

Nature is declining at an unprecedented rate, with nearly 1 million species at risk of extinction because of human activity. Earth system scientists have warned that the Amazon rainforest, the world’s coral reefs and the boreal forest biomes are all fast approaching the cusp of irreversible tipping points with far-reaching effects on the economy, society and life as we know it. The consequences are just
as alarming for business and humanity as they are for the environment. The first report of the World
Economic Forum’s New Nature Economy Report (NNER) series, Nature Risk Rising, highlighted that
$44 trillion of economic value generation – over half the world’s total GDP – is potentially at risk as a result of the dependence of business on nature and its services. Biodiversity loss and ecosystem collapse ranked as one of the top five threats humanity will face in the next 10 years in the World Economic Forum’s 2020 Global Risks Report.

Additional information:

The series of New Nature Economy Reports (NNER) is being developed under the umbrella of the World Economic Forum’s work on nature, a platform for committed actors to join up ideas and efforts in the run-up to the UN Convention on Biological Diversity (CBD) COP15 – and in support of the related Business for Nature agenda. The NNER series aims to make the business and economic case for action.

The series will span three reports that focus on the following priorities:

1. Make the case for why nature loss is a material risk to business and the economy, including:

a. The scale and urgency of the nature crisis

b. The potential consequences for society if the crisis remains unchecked

c. The need for business to mainstream nature risk in corporate enterprise risk management

2. Provide the insights needed to develop practical roadmaps that address the most important drivers of nature loss, and build a nature-positive future, including:

a. The most pressing business-related threats to nature, which require urgent individual and collective action from business and other economic actors

b. The key socio-economic transitions needed to tackle the nature crisis; and the potential financial upside from concerted business action

c. The enforceable, supporting and coherent enabling mechanisms that will be needed to catalyse change at scale

3. Scope the market and investment opportunities for nature-based solutions to environmental and humanitarian challenges:

a. Research solutions across the biodiversity, climate mitigation, climate resilience and ocean agendas

b. Assess their economic and nature-building potential

c. Identify areas and approaches most relevant for private-sector finance