· 2 min read
Illuminem summarizes for you the essential news of the day. Read the full piece on Financial Times or enjoy below:
🗞️ Driving the news: The rising incidence of bee theft in California serves as a stark example of the economic value of nature
• The narrative unfolds around the global economy's deep dependence on natural resources, highlighting the significant challenges businesses and financial institutions face in valuing and safeguarding biodiversity
🔭 The context: Species extinction and ecosystem degradation not only impact the planet but also present significant risks to businesses and finance, affecting supply chains, regulatory compliance, and reputational standing
🌍 Why it matters for the planet: Natural systems, such as forests and oceans, play a vital role in carbon sequestration and climate stabilization
• The loss of biodiversity and ecosystem services threatens these natural processes, exacerbating climate change and other environmental challenges
⏭️ What's next: Companies and investors are urged to integrate nature and biodiversity into their strategic planning. Innovations in financial instruments, like the Forest Resilience Bond, are emerging to fund ecosystem protection
• Legal and regulatory pressures are also increasing, emphasizing nature-related risks and responsibilities
💬 One quote: "We’re getting away with not paying nature, the ultimate worker" (Paula DiPerna, author of 'Pricing the Priceless')
📈 One stat: Pollinators underpin one in every three bites of food eaten globally, illustrating the critical role of biodiversity in food production and supply
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