MAVUSO MSIMANG: SA can unlock unprecedented economic benefits by embracing the power of nature

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Biodiversity is good for business, and SA needs good business

On a global level there is plenty of evidence that the economic value of increasing globally protected areas to cover 30% of the world’s land mass and oceans. A Cambridge University report found that the economic benefits of protecting 30% of the planet outweighed the costs of achieving this by a ratio of at least five-to-one.published in 2020 the World Economic Forum found that a transition to a nature-positive economy could generate up to $10.

He was entirely right. The good news is that conservation and economic growth are not necessarily mutually exclusive. SA’s marine and mainland protected areas could be the “just” tool Ramaphosa needs. The country is already more than halfway towards its goal of protecting 30% of its land and ocean waters by 2036, and the possibilities these areas present are immense.

 

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