Biodiversity loss is a threat to the provision of basic goods, including food, water, medicine and fuel – and is one of the biggest risks the world economy faces today.
Taxes, fees and charges, tradable permits and subsidies are just some of the instruments available to policy makers to correct negative externalities and signal to producers and consumers to act in a more environmentally-sustainable way. However, their use has not markedly increased in the last decade.
How can fiscal, economic and trade policies better incorporate biodiversity objectives into decision-making?
See the latest biodiversity policy guide for Finance, Economic and Environment ministers prepared for the G7 Presidency of the UK 2021, for more.