June 30, 2023, 12:00 - 2:00 pm EST
Nearly all types of natural capital—the world’s stock of resources provided by nature—are in decline. The ecosystem services that flow from those natural capital assets – such as fertile soils for crops, rich ocean life supporting tourism and productive fisheries, and dense forests for carbon capture – are necessary for life on Earth.
Recognizing the essential services provided by natural capital, Nature’s Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital, a joint report from the Natural Capital Project and the World Bank, proposes a novel approach to address these foundational challenges of sustainability. A methodology combining innovative science, new data sources, and cutting-edge biophysical and economic models builds sustainable resource efficiency frontiers to assess how countries can sustainably use their natural capital in more efficient ways. The analysis provides recommendations on how countries can better utilize their natural capital to achieve their economic and environmental goals.
12:15 - 12:25pm EST
Anna Wellenstein, Regional Director for Latin America and the Caribbean, World Bank
12:25 -12:45pm EST
Steve Polasky, Professor of Ecological/Environmental Economics, University of Minnesota and The Natural Capital Project
Peter Hawthorne, Natural Capital Insights
Moderator: Mary Ruckelshaus, Natural Capital Project
Carl Folke, Chair of the board and co-founder, Stockholm Resilience Center
Director of the Beijer Institute of Ecological Economics of the Royal Swedish Academy of Sciences
Adrian Vogl, Lead Scientist, Natural Capital Project/World Bank
Julie Rozenberg, Senior Economist, World Bank
Juha Siikamäki, Chief Economist, International Union for the Conservation of Nature
Giovanni Ruta, Lead Environmental Economist, World Bank
Moderated Q&A with audience
1:53 -2:00pm EST
Valerie Hickey, Global Director for Environment, Natural Resources and Blue Economy, World Bank
Carl Folke is Director of the Beijer Institute of the Royal Swedish Academy of Sciences and Founder and Chair of the Board of the Stockholm Resilience Centre, Stockholm University.
Peter Hawthorne is the head of Hawthorne Spatial, an independent consultancy specializing in environmental modeling, decision support, and spatial optimization.
Valerie Hickey is a Global Director for Environment, Natural Resources and Blue Economy (ENB) at the World Bank.
Stephen Polasky is Regents Professor and Fesler-Lampert Professor of Ecological/Environmental Economics at the University of Minnesota.
Julie Rozenberg is a Senior Economist in the office of the Regional Director for Sustainable Development in Latin America and the Caribbean.
Mary Ruckelshaus is executive director of the Natural Capital Project and a senior research associate at Stanford University.
Giovanni Ruta is lead environmental economist in the Environment, Natural Resources and Blue Economy Global Practice at the World Bank, East Asia and Pacific region, where he coordinates the operational and analytical agenda on green growth, climate change, biodiversity, and natural resource management.
Juha Siikamäki is Chief Economist of International Union of Conservation for Nature (IUCN), leading IUCN’s work in economics globally.
Adrian Vogl is a lead scientist for Stanford University’s Natural Capital Project and a consultant with the World Bank.
Anna Wellenstein is the Regional Director for Latin America and the Caribbean in the World Bank’s Sustainable Development Practice Group.