McGlade, J;
Palahi, M;
Costanza, R;
Kubiszewski, I;
Trebeck, K;
Fiaromonti, L;
Lovins, H;
... Wilkinson, R; + view all
(2020)
Investing in Nature to Transform the Post COVID-19 Economy: A 10-point Action Plan to create a circular bioeconomy devoted to sustainable wellbeing.
The Solutions Journal
, 11
(2)
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Abstract
In the last 50 years, the biosphere, upon which humanity depends, has been altered to an unparalleled degree[i]. The current economic model relying on fossil resources and addicted to “growth at all costs” is putting at risk not only life on our planet, but also the world’s economy. The need to react to the unprecedented COVID-19 crisis is a unique opportunity to transition towards a sustainable wellbeing economy centered around people and nature[ii]. After all, deforestation, biodiversity loss and landscape fragmentation have been identified as key processes enabling direct transmission of zoonotic infectious diseases[iii]. Likewise, a changing climate has profound implications for human health3. Putting forward a new economic model requires transformative policies, purposeful innovation, access to finance, risk-taking capacity as well as new and sustainable business models and markets. But above all we need to address the past failure of our economy to value nature, because our health and wellbeing fundamentally depends on it. A circular bioeconomy[iv] (see Figure 1) offers a conceptual framework for using renewable natural capital to holistically transform and manage our land, food, health and industrial systems with the goal of achieving sustainable wellbeing in harmony with nature. Within the framework of the Sustainable Markets Initiative (https://www.sustainable-markets.org/), under the leadership of His Royal Highness The Prince of Wales, a 10-Point Action Plan to create a circular bioeconomy is proposed below. The Action Plan is a response to The Prince of Wales’ call to invest in nature as the true engine for our economy. The Action Plan, guided by new scientific insights and breakthrough technologies, is articulated around six transformative action points further discussed below and four enabling action points (described in Table 1), which mutually reinforce each other.
| Type: | Article |
|---|---|
| Title: | Investing in Nature to Transform the Post COVID-19 Economy: A 10-point Action Plan to create a circular bioeconomy devoted to sustainable wellbeing |
| Location: | Australia |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://www.thesolutionsjournal.com/article/invest... |
| Language: | Finnish |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Circular Bioeconomy, Sustainable Development |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > UCL Institute for Global Prosperity |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10108755 |
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