Investors Should Support a “Just Nature Transition”

A new report says investors and banks should ensure their investments in the fishing, farming and forestry sectors consider the need for a “just nature transition”. Structural changes enabling these sectors to deliver on climate and biodiversity goals must be undertaken in ways that are “fair and inclusive “for workers, consumers and communities the report recommends. ‘Just Nature: How finance can support a just transition at the interface of action on climate and biodiversity’ was written by the London School of Economics’ Grantham Research Institute on Climate Change and the Environment and ESRC Centre for Climate Change Economics and Policy. The report warns not considering people affected by the nature-positive economy shift would likely trigger negative social impacts including severe job losses and human rights abuses. While the report highlights an estimate from a 2020 report of 395 million jobs being created by a nature-positive economy by 2030, an earlier study calculated that pursuit of net zero would result in 120 million fewer agricultural jobs by 2030. The report said: “Efforts to support a just transition in the energy system need to be extended to the nature dimension through strategic commitment, corporate engagement, capital allocation and policy dialogue to reform the system conditions. There is a long way to go to get adequate commitment and real action for the just nature transition.” 

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