Vivid Economics: Fund Nature, Fund the Future
New analysis Vivid Economics, examining the EU Member States’ Resilience and Recovery Plans from COVID-19, has found that most plans have missed the opportunity to invest in nature-based solutions that would provide significant benefits such as creating jobs and economic value while enhancing long-term resilience, and helping to address the twin crises of biodiversity loss and climate change.
In the 10 country plans analysed, less than 1% was allocated to nature-based solutions which have both a short- and long-term payback for economic activity, emissions reductions and biodiversity gains. Vivid Economics analysed nature-based solutions strategies such as reforestation, agro-forestry, wetland restoration and urban greening which were found to deliver outsized returns in terms of job creation and gross value-added (GVA) as well as enhancing carbon sequestration. For example, the relatively modest investment value of € 3.7 billion into nature-based solutions across just four countries – Bulgaria, France, Italy and Poland – would create around 172,000 jobs and € 7 billion of economic activity over fifteen years.