However, the report also highlights the importance cities have in acknowledging the natural capital required to maintain and improve the well-being of their residents. Innovative economic instruments and policies are emerging that reward good practice.
For example, the Japanese city of Nagoya (host to the COP-10 meeting), has implemented a new system of tradeable development rights whereby developers wishing to exceed existing limits on high-rise buildings can offset their impacts by buying and conserving areas of Japan´s traditional agricultural landscape.
The report also drives home the message that failure of business to account for the value of natural capital, particularly in sectors such as mining, can pose significant business and social risks.
Estimations have revealed that the negative impacts, or ‘environmental externalities´, of the world's top 3,000 listed companies totals around US$ 2.2 trillion annually.
See TEEB presentation by Pavan Sukhdev at the City Biodiversity Summit in Nagoya 2010:
General news | 2017-07-20
Initiative is the first time that companies from Asia, Europe and the US have come together with the aim to end unsustainable practices
Research news | 2017-07-19
Financial markets example of how information flows are turning increasingly faster and more complex in the Anthropocene
Research news | 2017-07-11
More companies join largest seafood producers’ quest for ocean stewardship
Research news | 2017-07-02
Centre director Johan Rockström co-authors six-point plan for turning the tide of the world’s carbon dioxide by 2020
Research news | 2017-07-01
New study examines how a change in migration patterns of the northeast Atlantic mackerel led to intergovernmental dispute
Research news | 2017-06-29
Henrik Österblom is concerned about the ocean and engaged in ensuring that his work reaches outside of academia