Emerging economies threatened by nature losses

Over half of the global GDP depends somewhat or completely on nature. As stated by a report put forward at the World Economic Forum which took place in Davos, Switzerland, this puts biodiversity loss in the top five threats faced by the worldwide economy.

The report has been put together by the World Economic Forum together with PricewaterhouseCoopers, an accountancy company. According to the report, some of the most rapidly growing firms around the globe are mainly threatened by the nature losses. The report asks for a dramatic reset of the relationship between humanity and nature.

Nearly a third of India’s and Indonesia’s gross domestic product comes from industries which depend greatly on nature. As stated by the analysis, these include construction, food and drink, and agriculture. In industries as such, Africa generated 23% of its gross domestic product, where Latin America generates 55% of its gross domestic product.

According to the document, sectors such as the above mentioned depend on extracting resources from oceans and forests, or on nature for the provision of goods such as fresh water, soil, a balanced climate, pollination, etc.

On the 19th of January, the Nature Risk Rising report was revealed at the international gathering of business and political forerunners. The report stated how, provided the substantial nature dependencies, it is vital that these economies having considerable exposure to nature loss invest in, gauge, and prioritize nature.

The writers of the report state how if this isn’t accomplished, significant losses for the nature-dependent industries will be incurred. According to the report, 60% of coffee varieties are threatened with extinction because of the change in climate, ailments, and deforestation. The international coffee market would be considerably destabilized if we end up with an extinction in the varieties of coffee.