In making the economic case for BiodiverCities, Nature-based Solutions (NbS) for infrastructure and land-sparing are found to be cost-effective ways for cities to innovate and meet current challenges.
Spending $583 billion on NbS for infrastructure and on interventions that release land to nature could create more than 59 million jobs by 2030, including 21 million livelihood-enhancing jobs dedicated to restoring and protecting natural ecosystems.
‘In the conventional paradigm, urban development and environmental health are like oil and water.
‘This report shows that this does not have to be the case. Nature can be the backbone of urban development. By recognising cities as living systems, we can support conditions for the health of people, planet and economy in urban areas.’
Head of Nature and Biodiversity, World Economic Forum
The report finds that by incentivising investments in natural capital, cities can unlock the benefits of nature.
Nature-based Solutions are on average 50% more cost-effective than man-made alternatives and deliver 28% more added value.
In turn, this capitalisation instils and nurtures nature-positive values and fosters bio-inspired innovations that will ultimately optimise economic competitiveness and prosperity.
‘As cities think about building for the post-pandemic future, they have a priority to provide their citizens with a more equitable and prosperous quality of life by protecting their natural resources.
‘In this report, we offer actionable solutions to heal the relationship between cities and nature. We need all stakeholders to invest in urban nature.’
Co-chair of the Global Commission on BiodiverCities by 2030 and former mayor of Quito, Ecuador