Nature is indispensable. Without it, goods and services would not be able to materialize. In fact, USD44 trillion of economic value generated each year is moderately or highly dependent on nature. This is more than 50% of global GDP. Today, land degradation costs the world USD6.3 trillion, equivalent to 7.3% of global GDP each year and it happens hugely because financial materiality of the degradation is not factored into decision making. Restoring land and preventing further soil degradation is critical for food security and tackling climate change.
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