5 things you need to know about the new global framework to manage nature | WHAT REALLY HAPPENED

5 things you need to know about the new global framework to manage nature

Climate action failure, biodiversity loss and infectious diseases counted as the top three risks in the World Economic Forum’s Global Risks Report. It is imperative that leaders and citizens alike adopt a systems view for the economic and societal transformation needed today so we build the world we want to inhabit in 2030.

In 2015, world leaders came together for an ambitious commitment on fighting climate change to keep the world on a 1.5C pathway. In addition to governments that committed to the Paris Agreement, businesses aligned their plans and commitments to this vision. Companies with a combined revenue of over $11.4 trillion (equivalent to more than half of US GDP), are now pursuing net zero emissions by the end of the century, majority by 2050.

A similar public-private ambition is needed as leaders come together in Kunming, China, for agreeing on the post-2020 Global Biodiversity Framework. Last week, the UN Convention on Biological Diversity (CBD) Secretariat released its first draft of the framework, inviting input and engagement from all sectors of society. Businesses have an especially important role to play in fighting biodiversity loss and ensuring continued ecosystem services such as carbon sequestration, clean water, food security etc.

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