New WBCSD report helps business accelerate consistent and credible actions for climate and nature.
New report aims to remove the hurdles to investment in nature-based solutions by clarifying the scope and definitions of natural climate solutions and nature-based solutions, which have the potential to deliver up to 37% of solutions to achieve the Paris climate goal. Published: 8 Dec 2020
Type: News
Geneva, 8 December 2020 – Today, the World Business Council for Sustainable Development (WBCSD) launched a new report on nature-based solutions to help companies accelerate consistent and credible actions that are positive for both climate and nature, titled: “Mapping nature-based solutions and natural climate solutions”.
This report aims to help remove the hurdles to nature-based solutions by clarifying definitions, while supporting the alignment of natural climate solutions (NCS) with nature-based solutions (Nbs) in order to accelerate investments at scale. In addition, the report helps business to navigate the nature and climate agenda by mapping the key initiatives, platforms and conventions for collective action.
Therefore, this report promotes the development of, and investments in, a large volume of high-quality NbS projects by providing clarity on their definition, scope, value and performance. In particular, business needs to clarify the relationship between nature-based solutions focused on climate and those delivering other societal values to maximize the potential benefit that solutions can deliver. There is a need for alignment on a simple, workable, science-based set of definitions.
NbS can help to deliver up to 37% of solutions to achieve the Paris climate goal, as well as the potential to help address other societal challenges while being good for business and people. Yet, to scale up investment in nature-based solutions, business requires clarity on its scope and requirements.
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