More than 150 Countries Agree That Focus on GDP Harms Nature
The nations signed off on a major report, three years in the making, that concluded the global economy isn’t adequately pricing in biodiversity risks.
A boat passes through the meeting of the Xingu River and the Rio Fresco in Brazil.
Photographer: Jonne Roriz/BloombergGlobal businesses are undermining the environment even though they rely on nature for key raw materials and critical services such as pollination and water filtration, according to a major report endorsed by more than 150 countries.
“A focus on growth as measured by the gross domestic product” has resulted in significant damage to the natural world, says the study released on Monday. Nearly 80 scientists and industry experts spent three years working on the report, which is designed to inform investment decisions and national policies.