“In our previous note [1], we introduced the topic of nature and biodiversity loss, reflecting on what biodiversity loss could mean for the economy, households, and the financial system. In this follow-up note, we focus specifically on the European Union (EU). We examine past trends in nature and biodiversity across the continent, review key EU policies designed to halt biodiversity loss, with an emphasis on nature-related transition risks, and provide an outlook for the future. Biodiversity across terrestrial, freshwater, and marine ecosystems in the EU has steadily deteriorated due to factors such as overexploitation, pollution and climate change. The EU has developed frameworks such as the Biodiversity Strategy for 2030 and the Nature Restoration Plan…… aiming to protect 30% of land and sea areas, restore degraded ecosystems, and enhance resilience to climate change.”
Morten W. Langer
