Accelerating the transition to a nature positive economy: Integrating biodiversity into the private sector

Expected Outcome: Project results are expected to contribute to all the following expected outcomes, driving transformative change for biodiversity and nature positive economic practices: overall, the economic case for biodiversity protection, restoration, sustainable use and the delivery of ecosystem services upon which all life depends, is strengthened including through robust assessments of the cost of inaction; businesses are better able to mainstream biodiversity considerations in decision-making, fostering transformative business models that enhance inclusion for biodiversity, particularly for start-ups and SMEs, including nature-based enterprises[1]. Leveraging synergies in business action on climate to strengthen overall resilience also needs to be considered; policy and decision makers benefit from improved knowledge to drive transformative policy including fiscal reforms to align economic incentives with nature positive investments and scalable biodiversity finance mechanisms (including blended finance, green bonds, nature credits, ecosystem service markets, etc.); to ensure clear evaluation frameworks for effectiveness, policy and decision makers have access to improved measurement and reporting of economic and business impacts, dependencies, and efforts on biodiversity. Scope: Current economic systems are often driven by growth models and competitive pressures that prioritise short-term profits and speed over the long-term health of ecosystems. These systems also…