We need to treat it as such and in the process reconsider our measures of economic prosperity. Recent economic studies conclude that more than half of the world’s GDP depends on nature. It renders services that are obvious and others that are much more difficult to comprehend (like the work of complex ecosystems within the soil that recycle nutrients, purify water, and absorb atmospheric carbon). These are unfamiliar topics for economists and require a lot of imagination and disciplined analysis on their part to properly account for nature’s contributions to economic growth.
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