This article was originally published on The Hindu.
“…Businesses have the opportunity to contribute to the SDGs particularly SDG9 (resilient infrastructure), SDG 13 (climate change) and SDG 15 (reverse land degradation) while addressing business needs and deriving benefits from NI solutions. Businesses can integrate disaster risk into their management practices as indicated in the recently adopted ‘Sendai Framework for Disaster Risk Reduction’.
Global infrastructure spending amounts to trillions of dollars a year. Diverting a small fraction of this towards NI solutions (ecosystem restoration, creation and enhancement) can be a new business driver and primary source of environmental finance worldwide. Countries can develop and implement national or regional strategies similar to the likes of Europe’s Green Infrastructure Strategy.
Decision-makers increasingly have access to tools and information such as the Natural Capital Protocol, World Bank WAVES programme, and WBCSD Natural Infrastructure for Business platform.
The ability and needs related to measuring and accounting natural capital will vary, so multiple, flexible, yet rigorous approaches will be required for effective decision-making…”
Read on at: The Hindu.