In a recent report, the World Bank (WB) highlights the importance of understanding the economic impact of biodiversity to eradicate poverty on a livable planet. It explains that more than 50% of the world’s gross domestic product (GDP) depends on nature (USD$44 trillion in economic resources), a value that makes green growth a necessity to strengthen the global economy.
His main proposal is to energize the focus on biodiversity, seeking to integrate nature in all areas, since it corresponds to 70% of the planet and where human activity takes place.
He also points out that broadening inclusive partnerships on biodiversity, focusing beyond the protection of national parks and integrating ministries of environment, finance, central banks, the private sector, civil society and local communities, would facilitate the flow of WB resources to micro and medium-sized enterprises and boost the economy by creating jobs.
In the same vein, the World Bank urges the mobilization of financing for natural resources to where it is most needed, overcoming access barriers. It also stresses the importance of accounting for natural capital in order to include nature in government balance sheets and enable better development policy decisions to be made.