Professor Sir Partha Dasgupta, the author of the independent review The Economics of Biodiversity: The Dasgupta Review has urged the Government to make progress on delivering a 'nature positive future'.
With the Financial Services and Markets Bill due to return to the Lords next week, Professor Dasgupta has outlined his support for an amendment proposed to require financial regulators to consider nature alongside net zero when carrying out their functions.
You can read his full statement below:
Statement from Professor Sir Partha Dasgupta
Author of the Independent Review on The Economics of Biodiversity
In response to my review on The Economics of Biodiversity, the Government committed to delivering a ‘nature positive future’ by reversing nature loss and leaving the environment in a better state than we found it.
To achieve this, the Government recognised the urgent need to integrate nature into economic and financial decision-making and related institutions. The Financial Services and Markets Bill (currently in the House of Lords) presents an opportunity to make progress on this commitment.
I urge the Government to support the proposed amendment to place a responsibility on financial regulators to consider nature alongside net zero when carrying out their functions. We need to empower those in charge of regulating our financial system to support the sector to arrive at a nature positive destination – by recognising the value of natural capital and the significant economic and social benefits restoring nature presents”.
Partha Dasgupta, University of Cambridge
