📈 As conversations about the government's growth mission, particularly the role that decarbonisation can play in delivering it, gather pace, it's critical that we don't neglect the role that nature has to play in our prosperity. 🌳 Nature provides the foundation to our economy and people's wider prosperity. We know that 55% of global GDP is moderately or highly dependent on it. However, progress to protect and restore it has often been slow, despite the UK's status as one of the world's most nature-depleted nations. Ultimately nature loss presents systemic risks to businesses and the financial system, it will disrupt supply chains and lead to diminished economic growth. While investing in nature recovery offers real opportunities in sustainability linked markets and nature-based solutions. Through the 2021 Environment Act and commitments like the 30x30 target, we have a solid legislative foundation for action - but progress has been much too slow relative to the urgency of the situation. As outlined in the briefing, we need a clear delivery plan to reach our 30x30 target and a roadmap for implementing mandatory Taskforce on Nature-related Financial Disclosures. This also demands the proper resourcing of the authorities in place to regulate this. They, along with local authorities play a critical role in supporting delivery, particularly monitoring and enforcing regulation to build private sector confidence to invest in nature. A clear delivery plan for #nature isn't a nice to have, it's a fundamental part of addressing environmental degradation, biodiversity loss, climate change, and adapting to a warming planet. It can also secure us significant economic and social benefits. The full set of recommendations, including reflections on the Land Use Framework, delivery plans for 30x30, and ways to improve engagement and develop new ideas, is available here 👇
🌳 Today we launch a new briefing setting out why nature is vital for the UK economy, and the policy and regulation required from government to enable businesses to contribute to the protection and restoration of the natural environment. ⚠️ Nature is critical infrastructure for the economy, and its degradation presents systemic risks to businesses and the financial system. However, policy uncertainty hampers business contributions towards a nature-positive economy. 💡 The report finds that clear frameworks are required to align environmental goals with business operations, ensuring a level playing field and robust compliance mechanisms. Key recommendations call for government to: - Create an effective framework for delivery with the Environmental Improvement Plan, Land Use Framework and plans to meet nature targets; - Support the development of nature markets to scale and leverage private investment for nature where appropriate; - Set up a taskforce and sandbox to accelerate the design of creative and environmental regulation, alongside effective resourcing for regulators and local authorities to play their role effectively; - Increase the ambition of Biodiversity Net Gain and develop a delivery plan to meet the target to protect at least 30% of land and sea for nature by 2030. Read the full report 👇 https://lnkd.in/ebqzt5r9
