Nature-based solutions could yield US$4.3 trillion in economic value by 2030
The Business Times
Author: Janice Lim
The phrase “nature-based solutions” may be relatively new, but the concept behind it is not. Humans have been planting trees for centuries to control erosion, for example. Similar to nature-based solutions, reusing and recycling are not new ideas. But the focus now on environmental, social and governance (ESG) considerations has created market opportunities in areas such as product redesign and waste management.
Ellen Martin, Director of Impact and Insights at The Circulate Initiative noted that global players such as PepsiCo and Unilever have committed to having all of their plastic packaging be fully reusable, recyclable or compostable by 2025. “This in turn creates demand for recycled products and materials and encourages innovations in the waste management space that may not have otherwise been realised,” she said.
The article also appeared in The Business Times' print edition.