Investing in Nature to Transform the Post COVID-19 Economy
A 10-point Action Plan to create a circular bioeconomy devoted to sustainable wellbeing.
In the last 50 years, the biosphere, upon which humanity depends, has been altered to an unparalleled degree. The current economic model relying on fossil resources and addicted to “growth at all costs” is putting at risk not only life on our planet, but also the world’s economy.
The need to react to the unprecedented COVID-19 crisis is a unique opportunity to transition towards a sustainable wellbeing economy centered around people and nature. After all, deforestation, biodiversity loss and landscape fragmentation have been identified as key processes enabling direct transmission of zoonotic infectious diseases.
Likewise, a changing climate has profound implications for human health.
Putting forward a new economic model requires transformative policies, purposeful innovation, access to finance, risk-taking capacity as well as new and sustainable business models and markets. But above all we need to address the past failure of our economy to value nature, because our health and wellbeing fundamentally depends on it.
A circular bioeconomy offers a conceptual framework for using renewable natural capital to holistically transform and manage our land, food, health and industrial systems with the goal of achieving sustainable wellbeing in harmony with nature.
The paper “Investing in Nature to Transform the Post COVID-19 Economy: A 10-point Action Plan to create a circular bioeconomy devoted to sustainable wellbeing” is published in The Solutions Journal.