Despite the negatives associated with risks and harms to biodiversity, addressing biodiversity loss can also be an opportunity for corporates. The World Economic Forum (WEF) has identified this opportunity to be valued at around $10 trillion/year by 2030 and could create 395 million jobs27. These opportunities can be linked to the circular economy (for more information see our 2021 Report) or regenerative agriculture.
However, significant investments, including major technical innovation, are needed to realize these opportunities. WEF has estimated the investment requirements to be around $2.7 trillion a year through to 203028. While the price is high, a single pandemic alone (Covid-19) has been estimated to cost around $10 trillion in foregone GDP over 2020-2021.29
There are also opportunities in emerging megatrends such as changes in lifestyle linked to the negative impact of the biodiversity crisis. For example, digital services including video conferencing has rapidly accelerated since the pandemic and companies are becoming increasingly conscious of the climate impacts (and financial cost) of global travel when things can be done by video call. Furthermore, there are new business opportunities to capture due to changes in consumer demand driven by increased awareness of biodiversity and climate change.