July 9, 2021
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The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached and countries fail to invest more in protecting and restoring nature, the World Bank said on Thursday, calling for a greener COVID-19 recovery. In its first “Economic Case for Nature” report, the bank looked at how many economies rely on biodiversity and how they would cope if certain services provided by nature collapsed.
