Nature degradation could cause a 12% loss to UK GDP

The deterioration of the UK’s natural environment could lead to an estimated 12% loss to GDP, according to new analysis. The report - Assessing the Materiality of Nature-Related Financial Risks for the UK - analyses the impact of the degradation of natural ecosystems, both domestically and internationally, to the economy and financial sector in the UK. Nature-related risks are as detrimental or more to the economy as those from climate risks, the analysis shows. The analysis shows however, that half of the UK’s nature-related financial risks originate overseas. These include disclosures of nature-related risks and taking urgent action to meet the targets included within the Global Biodiversity Framework (GBF).