Wildlife and the Economy
We know that conservation provides vast and varied life supporting and enhancing benefits to us all.
How nature-based solutions can mitigate climate change
Done well Nature-Based Solutions (NBS) have the potential to make a major contribution to solving our global ecological and climate crises.
In 2020 we commissioned Cambridge Econometrics to assess the potential for NBS to also deliver economic benefits.
The analysis concludes that the restoration and re-creation of natural habitats, like peatlands, woodlands and saltmarsh, will help to not only meet the UK’s commitments to reducing emissions and enhance biodiversity, but will create jobs and economic output and deliver vital ecosystem services for people and businesses, helping to build a stronger and more resilient economy and society.
On most assumptions restoration projects demonstrate ‘value for money’ since these environmental, economic and social benefits outweigh the costs of investment. NBS should be a critical pillar of any post-Covid green recovery strategy.
Transitioning to a Nature-Positive Economy
The Dasgupta Review on the Economics of Biodiversity, published on 2nd February, made recommendations about how we must transform our economic system if people, planet and nature are to continue to prosper.
As we begin to recover from COVID-19 and a turbulent political year, now is the time to work together and revive our world based on a new sustainable and resilient economic model. Our response paper to the Review “Transitioning to a Nature-Positive Economy by 2030” with partners Vivid Economics, Wildlife Country Link and Green Alliance identifies tangible actions that must now be implemented.
Want to let us know your reactions or get involved in next steps to drive change? Please contact Jamie Audsley, Head of Future Nature firstname.lastname@example.org.
The environment and the economy
We aim to demonstrate the fundamental importance of these links in campaigning for a broad and thorough approach to sustainable development.
Economic arguments can illustrate the benefits people gain from biodiversity, and ensure policy makers are as informed as possible about the wide-ranging payoffs of conserving our wildlife.
We use such arguments to guard against policies which provide economic incentives for people and businesses to damage the environment. We support policies which work towards environmental sustainability in terms of jobs and other economic opportunities.
Financing for the natural environment
The economic case for nature
Fantastic places for wildlife can also be fantastic places for people. Economics is primarily concerned with human wellbeing and is therefore best placed to make arguments for the environment on this basis.