Building a nature-positive economy
May 21, 2020
Over half of global GDP is moderately or highly dependent on nature, says a World Economic Forum report.
Businesses are more dependent on nature and biodiversity than they may realise, according to The New Nature Economy Report produced by the World Economic Forum (WEF).
An analysis of 163 industry sectors and their supply chains found that more than half of the world's GDP is moderately or highly dependent on nature and its "services".
Pollination, water quality and disease control are just three examples of the services that an ecosystem can provide. Economic value generation amounting to US$44 trillion -- over half the world's total GDP -- is moderately or highly dependent on nature and its services and, as a result, exposed to risks from nature loss.
Construction ($4 trillion), agriculture ($2.5 trillion) and food and beverages ($1.4 trillion) are the three largest industries that depend most on nature. Combined, their value is roughly twice the size of the German economy.