“Our economy cannot survive without nature.” These are not the warning words of an environmental charity or the slogan of a climate campaigner trying to pull on the public’s heartstrings. This was a shot across the bows by Frank Elderson, a European Central Bank (ECB) executive who recently took to the institution’s blog page to warn that “the economy and banks need nature to survive”. His post built on ECB research released this year that found Europe’s economy is highly dependent on ecosystem services under severe pressure as the dual biodiversity and climate crises take hold. The study found that…
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