Breaking News: Biodiversity Still a Low Consideration in International Finance: Report
Date: March 10, 2023
Tag: Biodiversity finance, conservation, sustainability, environmental news, green economy, ecosystem services, global warming, climate change
A recent report by the United Nations Environment Programme (UNEP) has revealed that biodiversity is still being neglected in international finance, despite its crucial role in maintaining ecosystem services and human well-being.
The report, titled "Biodiversity and Finance: From Risk to Opportunity," emphasizes that the financial sector’s lack of consideration for biodiversity is a significant obstacle to achieving the Sustainable Development Goals (SDGs) and mitigating the impacts of climate change.
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According to the report, the financial sector’s inability to accurately assess and price biodiversity risks is a significant barrier to incorporating biodiversity into investment decisions. This failure to consider biodiversity can have severe consequences, including increased risk of ecosystem collapse and loss of ecosystem services, which are essential for human well-being.
Report Highlights:
- 75% of global companies have not assessed their exposure to biodiversity risks
- 60% of banks and investors have not considered biodiversity in their investment decisions
- The global value of ecosystem services is estimated to be around $33 trillion per year
- Biodiversity loss could lead to a 4.5% decline in global GDP by 2050
Experts Call for Action:
"It’s time for the financial sector to wake up to the reality of biodiversity loss and its implications for long-term sustainability," said Achim Steiner, Administrator of the United Nations Development Programme. "We must work together to develop practical solutions that integrate biodiversity considerations into investment decisions and create a more sustainable future for all."
Conclusion:
The report’s findings highlight the urgent need for the financial sector to recognize the importance of biodiversity in maintaining ecosystem services and human well-being. By adopting a more sustainable approach to finance, we can reduce the risks associated with biodiversity loss and create a more resilient and prosperous future for all.
Related Content:
- "UN Report: Biodiversity Loss Threatens Global Economy"
- "Biodiversity and Finance: Why It Matters"
- "Sustainable Finance: A Guide to Integrating Biodiversity Considerations"
- "The Economic Costs of Biodiversity Loss"
Social Media Promotion:
- Share the breaking news on Twitter using the hashtag #BiodiversityFinance
- Publish a Facebook post highlighting the report’s key findings
- Share the article on LinkedIn and encourage professionals to share their thoughts on sustainable finance and biodiversity
- Create a LinkedIn group focused on sustainable finance and biodiversity and invite experts to participate in the discussion.
Biodiversity still a low consideration in international finance: Report – Conservation news
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Yeah. Unfortunately most people, and by extension, governments don’t care. They are willing to watch entire species, genus, millions of years of evolution, go extinct and they barely bat an eye.