A better understanding of the complexity, size, design, and effects of subsidies and externalities of economic sectors contributing to environmental degradation could facilitate and expedite discussions to strengthen the implementation of multilateral agreements.  This is an essential aspect of the global economic system that needs to be transformed if a more sustainable and equitable future for the planet and people is to emerge.  And yet, humans are driving biodiversity loss and nature’s decline, which threatens human wellbeing and creates material risks for all nations and economic sectors.  The United Nations Environment Programme (UNEP) calculated that, since 2021, the total public funding for subsidies to sectors that drive biodiversity loss and nature decline has increased by 55%.

Reyes-García, Victoria, and Sebastian Villasante, Karina Benessaiah, Ram Pandit, Arun Agrawal, Joachim Claudet, Lucas A. Garibaldi, Mulako Kabisa, Laura Pereira, Yves Zinngrebe. "The Costs of Subsidies and Externalities of Economic Activities Driving Nature Decline". Springer Natur. February 28, 2025. https://link.springer.com/... (Contributed by Gregory Autin).

Posted on 10/03/25

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