Protecting and restoring nature isn’t just case of spending money, it’s an investment in natural capital, resilience and “future prosperity”, European Central Bank (ECB) executive board member Frank Elderson has told the COP17 biodiversity summit in Armenia. Elderson, who is also vice-chair of the ECB’s supervisory board, made his comments at the opening of the Finance and Biodiversity Day at COP17, where he argued that the degradation of natural systems creates financial risks, meaning that governments “need to get the economics right” when it comes to investing in nature and biodiversity . “Let me start with a fundamental question: why is nature so important to the economy?” he commented.
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