Safeguarding Nature Can Avert $9 Trillion Risk to China’s Economy, Study Says
A new study by the World Economic Forum has built a case for preserving China’s natural environment, as it highlights the steep cost of ecological degradation and opportunities of a “nature-positive” transition for the world’s second-largest economy.
The study, published on the first day of the virtual Davos Agenda, said that more than $9 trillion of the country’s annual economic output “is at risk of disruption” due to its dependence on natural ecosystems and their services. The figure represents 65% of the country’s total GDP, where biodiversity and nature loss could have a direct impact on business operations and their supply chains.
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