Representational image | A rainforest nursery | NCF
Representational image | A rainforest nursery | NCF File Photo
Text Size:

New Delhi: As many as 395 million jobs and $10.1 trillion in business opportunities can be created by 2030 with climate-conscious business solutions, according to a World Economic Forum (WEF) report released Wednesday. Titled ‘The Future of Nature and Business’, the report also found that over half of the global GDP — $44 trillion — is potentially threatened by loss of nature.

The report commended India’s goal of reaching 175 GW of renewable energy by 2022. It also credited The Nature Conservancy Centre developed tool ‘SiteRight’, which gives private developers access to “an interactive online map to identify new sites for wind and solar generation plants and validate existing ones”.

The report is part of WEF’s ‘New Nature Economy Reports (NNER)’ that seeks to highlight the “materiality of nature loss for businesses” ahead of the UN Convention on Biological Diversity (CBD) COP15 to be held in October this year. Given the drastic impact of the pandemic-induced global recession, the report also sought to find solutions “resilient to future shocks”.

It identified three areas in which solutions are required to achieve the “Great Reset” — the economic strategy of transitioning into a nature-positive economy. These are food, land and ocean use; infrastructure and the built environment; and energy and extractives. About $2.7 trillion will be required annually till 2030 for these transitions, estimated the report.

Also read: India has made strides in clean energy since 2015 but Covid could negate it: WEF report

Cannot return to ‘business as usual’

The report stated that human activity had pushed natural ecosystems like the Amazon rainforest, the world’s coral reefs and the boreal forest biomes to the brink of “irreversible tipping points”, which will in turn hurt economies.

The report also said India and China are among key emerging markets that are creating major demand for deforestation-linked commodities like soy, beef, palm oil and wood products.

We are deeply grateful to our readers & viewers for their time, trust and subscriptions.

Quality journalism is expensive and needs readers to pay for it. Your support will define our work and ThePrint’s future.


It offers ways to reform farming and fishing practices, reducing consumer food waste, using jurisdictional approaches to stop deforestation among other solutions.

For food wastage, the report suggested improved storage management. It cited pilot projects in Benin, Ghana, India and Rwanda which suggest that relatively low-cost storage techniques and handling practices can reduce post-harvest food loss by more than 60 per cent and raise smallholders’ incomes by more than 30 per cent.

It recommends restoration of natural ecosystems and cites Costa Rica and Colombia’s carbon tax as a leading example. “If 12 other countries rolled out a tropical carbon tax like those of Costa Rica and Colombia, together they could raise a total of $1.8 billion each year to invest in natural-climate solutions,” the report claimed.

The report also highlighted the need to change farming and fishing practices, and makes a case for “no-take marine reserves” for restoring marine biodiversity. “The Medes Islands Marine Reserve in Spain, created in 1983, successfully recovered fish biomass by up to 500% when compared with nearby unprotected areas, and did so within a decade,” said the report.

Also read: India’s lockdown sees clean energy sources gain at the expense of coal


Subscribe to our channels on YouTube & Telegram

News media is in a crisis & only you can fix it

You are reading this because you value good, intelligent and objective journalism. We thank you for your time and your trust.

You also know that the news media is facing an unprecedented crisis. It is likely that you are also hearing of the brutal layoffs and pay-cuts hitting the industry. There are many reasons why the media’s economics is broken. But a big one is that good people are not yet paying enough for good journalism.

We have a newsroom filled with talented young reporters. We also have the country’s most robust editing and fact-checking team, finest news photographers and video professionals. We are building India’s most ambitious and energetic news platform. And we aren’t even three yet.

At ThePrint, we invest in quality journalists. We pay them fairly and on time even in this difficult period. As you may have noticed, we do not flinch from spending whatever it takes to make sure our reporters reach where the story is. Our stellar coronavirus coverage is a good example. You can check some of it here.

This comes with a sizable cost. For us to continue bringing quality journalism, we need readers like you to pay for it. Because the advertising market is broken too.

If you think we deserve your support, do join us in this endeavour to strengthen fair, free, courageous, and questioning journalism, please click on the link below. Your support will define our journalism, and ThePrint’s future. It will take just a few seconds of your time.

Support Our Journalism

Share Your Views


Please enter your comment!
Please enter your name here