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July 15, 2020

Four Hundred Million New Jobs by 2030 if Businesses Prioritize Nature, Says World Economic Forum.

World Economic Forum,

Photo: Scene at the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland. 18 January 2020. Image provided by & Copyright © World Economic Forum/Mattias Nutt.

Geneva, Switzerland, 15 July 2020 - The global COVID-19 pandemic has caused unprecedented job losses and economic uncertainty. As governments and businesses look to stimulate growth, a new study from the World Economic Forum found that ‘nature-positive’ solutions can create 395 million jobs by 2030.

The Future of Nature and Business Report provides blueprints for businesses to tap into a $10.1 trillion business opportunity, focusing on nature-positive industry actions, meaning that they add value to nature.

The report reflects real-world examples where nature-positive results have improved business outcomes:

“We can address the looming biodiversity crisis and reset the economy in a way that creates and protects millions of jobs,” said Akanksha Khatri, Head of the Nature Action Agenda, World Economic Forum. “Public calls are getting louder for businesses and government to do better. We can protect our food supplies, make better use of our infrastructure, and tap into new energy sources by transitioning to nature-positive solutions.”

• Food, land, and ocean use: What we eat and grow makes up around $10 trillion of global GDP and employs up to 40% of the worldwide workforce. Nature-positive solutions can create 191 million new jobs and $3.6 trillion of additional revenue or cost savings by 2030. Here are some examples:

• Infrastructure and the built-environment: About 40% of global GDP comes from the environment we build - office buildings, homes, and transport. Nature-positive solutions can create 117 million new jobs and $3 trillion in additional revenue or cost savings by 2030. Here are some examples:

• Energy and extractives: The energy we produce and what we extract accounts for almost a quarter of global GDP and 16% of global employment. With energy demand growing, there is an opportunity to create 87 million jobs and $3.5 trillion in business opportunities by 2030. Here are some examples:

• Guide for Finance Ministers

A policy companion outlines how governments can complement and enable businesses to act. Finance ministers can combine six cross-cutting policy measures to put the right incentives in place as part of stimulus packages and create jobs without destroying nature. They include better measurement of economic performance beyond GDP, incentives for innovation, improved spatial planning and management of marine and terrestrial assets, the removal of subsidies that endanger long-term job stability, investment in reskilling, and increased financial support for natural solutions.

• Quotes from World Economic Forum Partners

Source: World Economic Forum

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Edited & Posted by the Editor | 7:07 AM | Link to this Post

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