• Loss of nature and biodiversity worldwide has become a crisis. The World Bank Group’s approach paper on biodiversity and ecosystem services, Unlocking Nature-Smart Development, argues that the global nature crisis is both a systemic risk for development and a development opportunity. The report proposes six global response areas to guide governments and inform broader discussions on how to integrate nature into development planning.

• Solutions to the global nature crisis lie in the economic sectors that put the greatest pressure on biodiversity and ecosystem services: land and ocean use, infrastructure, and energy and extractives.

• The World Bank Group has been engaged in biodiversity for over three decades and continues to provide support to countries in the transition to a greener, more resilient, and inclusive economy.

Continue reading →