Environmental collapse can be avoided with a small fraction of global GDP

The authors of a recent United Nations report said that the world should quadruple the amount it needs to save and sustain the global ecosystem in the coming decades so that no major catastrophe occurs. Research also shows that even using 0.1 percent of global GDP would be a big step forward.

Although there are many financial and economic obstacles to protecting the global environment, a recent United Nations report says that at the global level, huge sums of money should not be spent on this purpose to avoid a catastrophe.

According to a recent study, spending 0.1 percent of global GDP each year on preserving and preserving the ecosystem could create an additional resource by 2050 that would be sufficient to avoid the collapse of the natural ecosystem. – writes the th Watchman.

Investments in areas such as sustainable agriculture and forestry, emissions management, conservation of protected areas, or the provision of clean water and adequate food should be considered here.

Much more must be spent on preserving the global ecosystemSource: 123rf

According to a report by the World Economic Forum (WEF) and the Economics of Land Degradation (ELD) Initiative, a total of $ 8.1 trillion globally must be spent on preserving biodiversity and natural habitats – which is essential to the sustainability of human civilization. Thus, by 2050, an annual spending of $ 536 billion could be achieved, which is equivalent to roughly 0.13 percent of global GDP.

The case is also of great economic importance. Last year, insurer Swiss Re showed that more than half of global GDP depends on some form of high-performing biodiversity, but nearly a fifth of the world’s countries are at risk of a natural ecosystem collapse. According to the report, the most vulnerable countries include Australia, Israel and South Africa.

The report notes that annual environmental investments today amount to approximately $ 133 billion, a large part of which comes from governments. According to the authors, in the future, not only should governments increase this amount through targeted measures, but the private sector should also pay more attention to economic transformation and financing.

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