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How finance can fund technologies that promote biodiversity
Finance that unlocks the skills needed to increase biodiversity is therefore essential, says UBS in a new white paper, Bloom or Bust, produced and discussed at the World Economic Forum Annual Meeting in Davos. There is.
UBS, Switzerland’s largest bank, investigates global biodiversity loss, existing technological solutions, and the role that finance and government action should play.
UBS says biodiversity and climate are deeply linked, and failure of one means failure of both.
Biodiversity is also vital to the global economy, with UBS analysis showing that around 60% of global GDP is dependent on nature. This means there is increasing interest from investors, businesses and governments in how to mobilize finance for these nature-based solutions.
“Biodiversity loss requires swift action,” said Sergio Ermotti, group CEO of UBS.
“Collaboration between government, industry, academia and communities is essential to accelerate and scale up the solutions needed to reduce biodiversity loss by 2030.”
This is the difficult part. It is estimated that reaching the 2030 goal will cost US$700 billion each year. UBS says closing this biodiversity investment gap can only be achieved by leveraging private capital through innovative approaches.
The white paper also highlights the need to understand the drivers and pace of biodiversity loss, which will require significant investment in technologies such as AI and satellite-based reflective sensing.
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