The World Bank Group is supporting the development of the Framework through an initiative named “The Road to Kunming”. This complements the WBG’s rich operational engagement on biodiversity and ecosystems.

Climate-related risks overshadow all other risks – in particular economic risks – undermining cohesive action and creating blind spots. Society needs a new “growth paradigm” that addresses the interconnectedness of socio-economic factors with climate change. Businesses need to adapt their metrics to assess the value of nature.

Which would you rather be: rich or wealthy? And what exactly is the difference?