Nature-Based solutions boost economic prosperity – Oxford New Study

October 29, 2024

By Samuel Ogunsona

A new study in Oxford, published in PLOS Climate has revealed that nature-based solutions (NbS) can unlock economic prosperity by enhancing local economies, increasing agricultural productivity, and creating jobs.

The research highlights the potential of NbS to address societal challenges like climate change while benefiting biodiversity and local communities.

The study analyzed 66 review papers on NbS and found examples of successful projects, such as South Africa’s Working for Water program, which cleared invasive species from over 1 million hectares of land while supporting 20,000 jobs.

Professor Nathalie Seddon of Oxford University comments, “Nature’s value is often overlooked, yet our study highlights its tremendous economic benefits.

Lead author Alex Chausson adds, “NbS can be deployed with speed and flexibility in areas where they are needed most, like rural communities.”

However, the study identifies factors holding NbS back, including siloed decision-making and misconceptions about pro-environmental policies.

The researchers emphasize the importance of following best practice standards for NbS to ensure fair distribution of benefits and avoidance of negative externalities.

This study was funded by the Oxford Martin School’s Biodiversity & Society Programme.