In recent decades, Costa Rica has doubled its forest cover while tripling the size of its economy – an example of how better protecting nature can create jobs rather than curb them, the Central American country’s environment minister said Wednesday. “Restoring nature is not a burden to economic development,” said Carlos Manuel Rodriguez during an online event organised by the World Economic Forum (WEF), famed for its high-powered annual meeting in Davos, Switzerland. If similar shifts – from adopting smarter farming to slashing fossil fuel subsidies and rethinking urban land use – happened globally, they could create 395 million jobs and $10 trillion in new business opportunities by 2030, WEF officials said. But creating the changes would cost some $2.7 trillion in investment – about equal to U.S. stimulus spending announced in March to combat the impact of the new coronavirus, according to a new WEF report on the economic benefits of protecting nature.
About half of the world’s economy is built on activities that currently hurt nature, the report noted. But shifts are necessary, David Perry, president of Indigo, a Boston-based agricultural technology company, said, and the benefits of achieving them “will make us wonder what took us so long”. Changes include rethinking agriculture to ensure it protects rather than strips soils, with farmers potentially earning an income from storing climate-heating carbon in their soils and protecting forests as well as selling food, panelists said. In some countries, shifts are already starting, with Pakistan and Kenya, for instance, harnessing stimulus funds to drive tree-planting campaigns, said Inger Andersen, executive director of the U.N. Environment Programme.
Bringing about changes to protect nature also will require rethinking GDP as a measure of economic success – and drawing in big-scale private investment, officials and analysts said. Carlos Alvarado Quesada, Costa Rica’s president, said persuading businesses to shift how they operate is “one of the great challenges” the effort faces, as is ensuring new green rules are enforced. But the coronavirus pandemic – linked in part to wildlife trade into China’s markets – provides both a reason and an opportunity to change, he and others said.
Source: Thomson Reuters Foundation
Global site 
Finnish site