The World Economic Forum (WEF), an international organization for public-private cooperation has stressed on adopting a nature-positive approach in the post-pandemic era.
In its blueprint for post-pandemic entrepreneurial ventures, the global body laid out innovative ideas. It said, “The innovative plan could create 895 million jobs and help the planet after the pandemic. It would build an economy that rests on nature, rather than ruining it.”
The COVID outbreak has two clear outcomes, says WEF. The first is that human relationship with nature is under duress. The second makes us capable of drastic changes at great speed. The crisis represents a unique opportunity for people and businesses. It has altered how we live, grow, eat, build, and power our lives.
World Economic Forum Survey and Findings
The World Economic Forum in its survey found that we need to revolutionize the use of land and rivers that could generate 191 million jobs. Agriculture uses up to 70% of the world’s freshwater and is responsible for 80% of deforestation and 30% of greenhouse gas emissions. We need to switch to nature -positive food production and consumption which could create up to 63.6 trillion in annual business value. We should rethink how we build and run our cities as well as our infrastructure.
“By 2050, 68% of the world’s population will live in cities with 1.5 million people added to cities every week until 2030” states the World Economic Forum Urban broils are a big driver of biodiversity and inefficient cities could be more well prepared to deal with potential future pandemic outbreaks.
Across the world, inner-city office space currently stands empty. As the remote working cuts the need for company offices using vacant inner-city space. That means building denser cities could reduce urban land use by 75% while slashing budgets. Investing in a nature-positive built environment could generate 63 trillion additional annual business opportunities. And create 177 million jobs by 2030.
What do we need to do to get ready for the post-pandemic era
We need to transform how we get valuable materials out of the ground. Mining and extraction are driving huge biodiversity loss and damaging people’s health. Almost half of the large mines stand in Biodiversity-rich forests. WEF says that by transitioning to a circular economy, we could keep minerals in the ground. By doing so we can save $870 billion in the automotive industry alone in the next 10 years. The nature-positive energy and extracting system could generate $3.5 trillion in annual business value and 87 million jobs by 2030.
Policy is important, but businesses must lobby for nature. Without planetary health, there is no wealth. Over half of the world’s GDP is highly or moderately dependent on Nature so for those who act now, the long-term benefits could be substantial.