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New analysis reveals that nature degradation may shrink UK's GDP by 12% surpassing 2008 financial crisis and Covid-19 losses. Unmasking urgent need for mitigation.
Damage to nature in the UK could contribute to a hit to the economy larger than Covid-19 pandemic, new research has shown.
The first-of-its-kind analysis found that nature-related risks were as detrimental, if not more, to the economy as those from climate risks
Analysis from the Green Finance Institute warns that nature degradation risk could have a huge impact, at a cost of 12% of UK GDP.
UK policymakers, regulators, investors and businesses have started paying more attention to the risks related to nature and the need for the private sector to do something about the worldwide loss of nature