Most firms cutting their carbon footprints still regard biodiversity as a nice-to-have luxury that is far beyond their remit. That needs to change
Save time by listening to our audio articles as you multitaskLofty promises about preserving the world’s biodiversity have been made and broken many times before. One step towards avoiding yet more disappointment is to emphasise the close link between preserving biodiversity and the widely held goal of reaching net-zero carbon emissions.
Around the world, investment in the energy transition is accelerating. Spending in 2022 on clean energy, for example, should reach $1.4trn, roughly a fifth above the pre-pandemic level. Scores of countries and thousands of big companies have plans to get to net-zero emissions within the next 20-30 years. Given that biodiversity has an important role in meeting these carbon-reduction goals, you might think that it would feature highly in these plans.
That needs to change. Safeguarding biodiversity is an efficient way to control carbon emissions. More of the rising amounts of government spending being thrown at mitigating and adapting to climate change should be spent on it.
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