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Abstract
Nature-based solutions (NbS) involve working with nature to address societal challenges in ways that benefit communities and biodiversity locally. However, their role supporting economic recovery from crises, such as those arising from conflicts or pandemics remains underexplored. To address this knowledge gap, we conducted a systematic review of 66 reviews on the economic impact of nature-based interventions. Most demonstrated positive outcomes for income and employment, though those with critical appraisal of underlying studies reported more mixed outcomes. These varied results were influenced by factors such as the balance between short-term and long-term gains, market conditions, regional effects, reliance on subsidies, and discrepancies between expected and actual economic benefits. National-scale economic growth assessments were scarce. Half of the cases featured nature-based food production investments, with much evidence from sub-Saharan Africa, East Asia and the Pacific. The few reviews comparing NbS with alternatives found that NbS delivered equal or better economic outcomes. NbS also provided broader benefits like food and water security, flood protection and community empowerment. We identified key factors influencing the delivery of benefits and trade-offs, finding that NbS must adhere to best practice standards, with community involvement being critical for equitable outcomes. Well-designed NbS can create diverse job opportunities at different skill levels, diversify income, and improve resilience, offering a rapid, flexible response to economic shocks that can be targeted at deprived communities. By integrating traditional, local and scientific knowledge, NbS can enable eco-innovation, and drive the transition to a clean and efficient circular economy, with high economic multipliers spreading benefits throughout economies. The evidence underscores the need to incorporate NbS in investment programs to concurrently address economic, environmental, and societal challenges. However, improved monitoring of economic, social and ecological outcomes and the development of comprehensive accounting systems are needed to better track public and private investments in NbS.
DOI
https://doi.org/10.31223/X5P701
Subjects
Biodiversity, Environmental Sciences, Natural Resources and Conservation, Sustainability
Keywords
Nature-based solutions, economic stimulus, green recovery, natural capital, climate economics, natural capital; climate economics, , Climate economics, resilience, economic multiplier, biodiversity, sustainable development, nature finance
Dates
Published: 2024-10-25 05:33
Last Updated: 2024-10-28 10:53
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License
CC BY Attribution 4.0 International
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Conflict of interest statement:
None
Data Availability (Reason not available):
The public location of the data will be PLoS Climate. Article is accepted.
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