According to the World Economic Forum more than 50% of global economic output depends on nature.3 If selected ecosystem services were to collapse, it would cause a decline in global gross domestic product of more than 2% annually by 2030, according to World Bank estimates.4 3.2 NGFS work Global central banks and supervisors have been taking note.
The Network for Greening the Financial System (NGFS) – of which I am the vice chair – has set up a task force on biodiversity loss and nature-related risks.