Nature: the economy's secret lifeline?
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Nature: the economy's secret lifeline?
"Businesses cannot exist without biodiversity, yet they are exhausting the "basis for our daily life" and undermining nature's contribution to people, said Kohsaka, who is coordinating lead author of the report produced by public and private sector experts from 35 countries."
"He notes how agricultural products like fruit rely on the pollinators that are being lost as nature is destroyed or how fishery habitats are in decline as coral reefs die off due to pollution and climate change."
""Better engagement with nature is not optional for business it is a necessity," said Ximena Rueda, a researcher at Colombia's Universidad de los Andes and co-chair of the IPBES assessment, in a statement."
An intergovernmental IPBES assessment links growth-focused business models to escalating biodiversity loss and extinction risk. Business activity both drives and depends on biodiversity and underpins human and societal wellbeing. Agricultural production relies on pollinators that are being lost, and fisheries suffer as coral reefs die from pollution and climate change. Businesses are exhausting the basis for daily life and undermining nature's contributions to people. Better engagement with nature is necessary; enterprises have a critical stewardship role that supports long-term prosperity and the bottom line. Addressing large private and public finance flows that fund biodiversity-destroying activities is essential to reverse unsustainable economic activity.
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