The article highlights the severe ecological decline due to human activities, revealing that significant portions of global ecosystems have been deteriorated. It emphasizes the necessity for economies to value nature, which could drive innovation and sustainable practices, particularly as resources become scarce. Two emerging trends are identified: nations either ignoring ecological damage or striving for leadership in green technology. The author argues that while green innovation is crucial, it must be coupled with global cooperation to truly tackle environmental challenges and prevent further degradation of our planet.
Nature's most valuable services - a stable climate, support for food and agricultural systems and protection of people's lives, health and property - are provided.
If nature is valued, and a high price is placed on its exploitation and use, scarcity can create incentives to innovate and substitute.
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