Climate crisis: Green coronavirus recovery could generate $10tn a year, says World Economic Forum

Jobs, economic stability and protection for food supplies among benefits to global population if governments pursue nature-led approach to rebuilding economies

Harry Cockburn
Wednesday 15 July 2020 17:59
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Fishermen sorting through catch of fish in Kota Kinabalu, Malaysia. It takes five times the effort to catch the same amount of fish now as it did in 1950, according to the WEF
Fishermen sorting through catch of fish in Kota Kinabalu, Malaysia. It takes five times the effort to catch the same amount of fish now as it did in 1950, according to the WEF

Focusing on a green recovery from the Coronavirus pandemic could boost the global economy by $10 trillion (£7.9 trillion) a year and create 395 million jobs by 2030 according to a new report by the World Economic Forum.

Amid “unprecedented job losses and economic uncertainty”, focus on “nature positive solutions”, could provide a blueprint towards future prosperity, the organisation said.

Putting nature first is good for business and for economic resilience, the organisation stated and the report includes case studies with examples of how “smart farming” using sensors and satellite imagery in Indonesia helped improve crop yields by an average of 60 per cent, and how in Vietnam, people living in coastal communities saw their incomes more than double following the restoration of critical mangroves.

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