The Economic Case for Nature-Positive Action

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  • uploaded July 24, 2023

More than half the world’s GDP - $44 trillion, is dependent on nature and the services that it provides. Nature provides for agriculture, tourism and recreation. It also delivers clean air and water and protects communities and properties from excessive heat, flood, and storm surge. Hence, we should value and protect natural assets and eco-services in the same way we value, protect and insure other property, infrastructure and health services.
Without change in our action, The World Economic Forum estimate that by 2030, nature loss could cost 2.3% of global GDP ($2.7 trillion) annually and poorer countries would be hit the hardest. However if we stall nature loss and make investments with nature positive outcomes, this could create new business opportunities to the scale of $10 trillion annually and create 395 million jobs by 2030*.
This presents opportunity for growth in investment and insurance products, such as:

  • New products and solutions to protect natural assets and ecoservices, or repurposing existing products to support restoration and conservation
  • Enabling more green infrastructure and nature-based solutions, in the same way we use traditional construction and engineering covers for grey infrastructure development projects
  • Acknowledging the risk mitigation value of natural assets and working to optimise these capabilities

This presentation will showcase case studies and applications of insurance to protect nature and enhance its performance. The economic benefits of upfront resilience investment and nature-positive action will also be discussed.
 
Find the Q&A here: Q&A on 'Challenging the Norm with Investments'

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