JOURNAL ARTICLE

Why Companies are Doubling Down on Nature.

  • Published In: Time.com, 2023. P. 8 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Raghav, Shyla 3 of 3

Abstract

The article emphasizes the urgent need for annual funding of at least $230 billion for nature protection and restoration to meet global climate goals. It highlights that while transitioning to clean energy is crucial, addressing the unsustainable relationship with nature is equally important, as over half of the world's GDP is exposed to nature-related risks. The United Nations Environment Program (UNEP) stresses that private sector investment is essential, as currently only 17% of existing funding for nature comes from private capital. Despite challenges such as media scrutiny and the phenomenon of "greenhushing," many companies recognize the tangible business benefits of investing in nature-based solutions, which can enhance biodiversity, improve water security, and increase resilience to climate impacts. [Extracted from the article]

Additional Information

  • Source:Time.com. 2023/09, p8
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2023
  • ISSN:2476-2679
  • Accession Number:172435157
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