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Title: Climate change threatens around half of world GDP, says WEF study
Source:Business Standard
Date:19 January 2020

Flagging huge risks to the economy from dangers of biodiversity loss and climate change, a WEF study said businesses are more than dependent on nature with an estimated exposure of $44 trillion or half of the world GDP. Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades. China, the EU and the US have the highest absolute economic value in nature-dependent industries. An analysis of 163 industry sectors and their supply chains found that over half of the world’s GDP is moderately or highly dependent on nature and its services. Pollination, water quality and disease control are three examples of the services an ecosystem can provide.




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