Shyla Raghav is the Chief Climate Officer at TIME and the Co-Founder of TIME CO2.
While climate action is often framed as a sacrifice of at least $2 trillion annually , the cost of inaction on protecting and restoring nature is much higher. Consultancy PwC estimates that—equivalent to an estimated $58 trillion—is exposed to material nature risks due to moderate or high dependence on nature. While sectors like agriculture, forestry, and fisheries are most exposed, PwC found every single economic sector to have nature-related risks.
In contrast, many others see nature-based solutions as a vital component of climate action. And more importantly, they see many reasons to invest in nature beyond carbon: increased biodiversity, including improved water access, higher crop yields from better soil fertility and pollinator survival, access to not-yet-discovered raw materials to improve health and treat illness, lower temperatures, and greater resilience to extreme weather.
At the roundtable, we learned that companies found that their investments in ecosystem conservation and restoration in operating areas have not just reduced supply-chain emissions but also generated tangible business value. Improving water security, potential for financial returns, and overall business resilience were cited as particularly important reasons for nature investments.
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