Tag Archive for: Biodiversity Loss

With only a quarter of our wild species remaining on the planet, we need to act now to protect what’s left, writes BFBI Executive Director Lucy Gaffney. 

As COP29 in Baku, Azerbaijan draws ever closer, the alignment of biodiversity and climate is emerging as a key theme, with nature featuring specifically on day 10 (21st of November), the penultimate day.

The latest WWF Living Planet Report reveals some grim statistics about the current state of nature globally. We are now showing a decline of 73%, a drop of almost three quarters, in the average size of our monitored wildlife populations, with over a million plant and animal species at risk of extinction. Humans have already altered three quarters of our planet’s land surface and two thirds of our marine environments. Although changes in the environment may appear gradual and relatively small, we are beginning to see evidence of their cumulative effects and there are concerns that we are approaching dangerous, irreversible tipping points. If we tip over, the results may be catastrophic. 

Tipping points 

When our planetary systems surpass a tipping point, the results can be unpredictable, and potentially devastating. Nature is approaching these tipping points much faster than predicted. Perhaps we’ll see the collapse of local fish stocks, impacting the livelihoods of the local community. Maybe we will bear witness to regional fish stock collapse on a larger scale that may have a much larger impact on the global economy, destabilising supply chains and income streams on a much grander scale. This is not just an environmental issue, it will affect everyone, everywhere. 

What systems are close to breaking point?  

The Amazon Rainforest supports more than 10% of the planet’s biodiversity and 10% of all known fish species. More than 47 million people call it home. In terms of carbon storage, it sequesters between 250 and 300 billion tonnes of carbon. But decades of deforestation and degradation driven by the beef, soy and palm industries have compromised the Amazon’s resilience. There are fewer trees, leading to less rainfall and increased drought risk. With increasing global temperatures, the Amazon is getting hotter and drier. This means that it is vulnerable to wildfires and is at an increased risk of entering into a vicious cycle of heating and burning. We will feel the impact of this on a global scale with decreased rainfall in water-stressed areas, reduced agricultural productivity and increased food and water scarcity. 

If the Amazon reaches this tipping point it would flip from being a climate ally and would start accelerating climate change. It is estimated that the destruction of Amazonian plants and trees will release 75 billion tonnes of carbon into the atmosphere. So how close are we to tipping the scales? This WWF report predicts that if we remove 20-25% of the Amazon Rainforest, the system will tip. We’re at 17%. 

This is just one critical tipping point. We are also dangerously close to 4 other tipping points, each of which has the potential to push other planetary systems closer to the edge, threatening our earth’s life support systems and society as we know it. 

Melting Ice Sheets in Greenland and the Antarctic have the potential to significantly alter oceanic circulation systems and cause sea levels to rise by several metres. 

Dying Coral Reefs could destroy fishing zones, impacting hundreds of millions of people who depend on the reefs for sustenance. Coral reefs also offer flood and storm protection for these local communities. 

Changing Ocean Currents will devastate marine ecosystems and alter global weather patterns resulting in more extreme winters and more intense summer heatwaves, particularly in Europe. 

Melting Permafrost releases greenhouse gases and other contaminants into the ocean. 

We know what we need to do! 

Nature is remarkably resilient, and if afforded the chance, it will recover. We know what we need to do to alter this disastrous trajectory. Restore ecosystems and increase their resilience. We need to transform our food and energy systems, the main drivers of biodiversity loss and climate change. We need to move money away from damaging activities and fossil fuel investments, and towards nature restoration and protection. 

Ecological breakdown is happening as a result of unrestricted, uncontrolled economic endeavours and business and industry have a critical role to play in turning the tide. Target 15 of the Global Biodiversity Framework asks that businesses assess and disclose their impacts on nature, with a view to creating and implementing a nature strategy that will limit the damage they are doing. The goal is to shift business models into a nature-positive mode, where activities no longer harm the natural world and resources are deployed towards the protection and conservation of what we have left, that 27%. The Global Goal for Nature calls for a halting and reversing of nature loss by 2030, and a trajectory of recovery from then on. 

The world is waking up and we now recognise the need for change. There’s no shortage of knowledge, people or passion to achieve our objectives and turn things around. What we need now is urgent action. Governments, businesses and communities need to mobilise to ensure that we have a healthy planet to pass on to future generations. Individual behaviours matter, mindset matters. Society has the power to change both. With our collective efforts, nature can bounce back.   

Lucy Gaffney is Executive Director of Business for Biodiversity Ireland – join today and we can help your business understand your impacts and dependencies on nature and create a strong nature strategy.  

 

 

2023 was a big year for biodiversity and another busy year for Business For Biodiversity Ireland – a look back at some of the major moves transforming the landscape for nature at a global and local level…

EU Nature Restoration Law: After tense negotations and votes by MEPs, a landmark deal was finally reached on the Nature Restoration Law by the EU Parliament, European Commissions and EU Council. The law means that every EU country must have restoration measures in place covering 20% of EU land and sea areas by 2030. It will set legally binding targets and requirements for rewetting peatlands (30%, expanding to 40% by 2050) and for bringing ecosystems back into good condition across multiple habitats. In the build up, BFBI backed the Corporate Leaders Group & Business For Nature letter and online campaigns in support of the NRL, while platform lead Lucy Gaffney appeared on the Newstalk Breakfast Business show with Joe Lynam to discuss the importance of the law.

Citizens Assembly on Biodiversity Loss: Lucy Gaffney addressed Ireland’s Citizens’ Assembly – the first such national citizens’ assembly anywhere in the world – which wrapped in January 2023 and in June, launched 150 recommendations that have the potential to dramatically transform Ireland’s relationship with the natural environment. The recommendations have since been reviewed and accepted by the government. The Joint Committee on Environment and Climate Action recommends advancing a referendum on protecting biodiversity, that would see Ireland become the first in the EU to bestow nature with rights.

Corporate Sustainability Reporting Directive (CSRD) – The directive took effect on January 3, 2023, with 18 months for EU countries to integrate it into law. The European Sustainability Reporting Standards (ESRS) E4 standard addresses corporate sustainability relating to biodiversity and ecosystems. The aim is to help businesses to understand how they affect nature, positively and negatively, and how to interpret the results of corporate biodiversity action.

Science Based Targets for Nature: Over 80 global NGOs and organisations came together and released the first science-based targets for nature, enabling companies to start taking ambitious and measurable action on both climate and nature.

The High Seas Treaty: After decades of negotiations, countries finally agreed to a treaty to protect the world’s oceans outside national boundaries. It provides a framework for setting up marine protected areas, a crucial step to fulfil aims to protect 30% of the world’s oceans by 2030.

Regulation on Deforestation-free products: The European Union is stopping imports of commodities and products linked to deforestation. Under a new regulation that entered into force in June 2023, importers of commodities such as soy, beef, palm oil, wood, cocoa, coffee and rubber “must be able to prove that the products do not come from recently deforested land or have contributed to forest degradation”. This includes products such as chocolate and furniture made from those commodities.

Budget 2024 nature boost: The Irish government announced a new Infrastructure, Climate and Nature Fund with an unprecedented €3.15billion pledged for nature that will use windfall corporate tax profits to fund commitments to the environment up to 2030.

Bioeconomy Action Plan: Ireland’s first Bioeconomy Action Plan for 2023-2025 was jointly issued by the Department of Agriculture, Food & the Marine and the Department of the Environment, Climate & Communications. It includes 33 actions to accelerate support for the development of Ireland’s bioeconomy to bring sustainable scientific practices, technologies and bio-based innovation and solutions into use on farms and by bio-based industries.

COP28: At the global summit in the United Arab Emirates, world leaders finally agreed to launch the long-awaited fund for loss and damage caused by climate change – and the final text, agreed by almost 200 countries, for the first time includes a goal to move away from fossil fuels.

BFBI Community of Practice (CoP): We convened our community of practice in January 2023. This small, multi-sector CoP, comprising a mixture of Irish semi-state, private and academic organisations, met regularly throughout the year to share feedback on testing frameworks to assess their biodiversity impacts and the challenges of transitioning to a nature-positive mode of operation. We’ll be expanding this work with more sector specialisation in 2024, more details to come.

 

Man in suit with grey hair chats to blonde woman in beige coat in hallway with red carpet and beige walls

Minister of State Malcolm Noonan & BFBI’s Lucy Gaffney chat at SETU policy event

Business For Biodiversity Ireland key presentations & events of 2023

BFBI’s platform lead Lucy Gaffney spoke at several high-profile in-person conferences, as well as webinars and online discussions.

These included the business and biodiversity breakfast at Green Week, the CIEEM Irish Conference on Nature Positive, major annual conference Environment Ireland 2023 and she also addressed the Business Post’s ESG Summit.

Lucy also gave an overview of natural capital concepts for Chartered Accountants Ireland, joined a panel for Sustainability Week and took part in a Policy Forum for Ireland discussion on next steps for climate policy & action. She joined in a discussion on Addressing Biodiversity Loss with Sustainable Finance Solutions, alongside Minister for Heritage Malcolm Noonan, pictured with Lucy above, at an Irish Research Council-funded SouthEast Technical University Policy Workshop.

Other notable events included the SETAC Europe Conference, a biodiversity literacy Lunch & Learn talk for Irish broadcasters with the Broadcasting Sustainability Network, Climate Finance Week and a DCU Centre for Climate & Society panel discussion. You can watch back the stream, moderated by Dr Diarmuid Torney, DCU School of Law and Government and Co-Director of the Centre for Climate and Society, HERE.

Our team also attended the EU Business & Nature Summit in Milan in October – you can read their key takeaways HERE.

Sign up to our newsletter updates at the bottom of the BFBI homepage HERE.

In 2022, our platform lead Lucy Gaffney was asked to present to Ireland’s Citizens’ Assembly on Biodiversity Loss – the first such national citizens’ assembly anywhere in the world.

The Assembly’s final report to Government has now been launched with over 150 recommendations that have the potential to dramatically transform Ireland’s relationship with the natural environment.

 

The report was produced as a result of seven meetings of the assembly of 99 citizens, chaired by scientist and broadcaster Aoibhinn Ní Shúilleabháin, pictured above, who heard recommendations from experts in the field and visited areas of natural importance.

The report calls for sufficient funding and increased expenditure for enforcement and implementation of national legislation and EU biodiversity-related laws and directives. It recommends that nature be provided with protections within the constitution to allow it to continue to provide the necessities of life – food, clean water and air, providing a healthy environment for wellbeing into the future.

Other recommendations refer to actions in specific sectors such as agriculture; freshwater; marine and coastal environments; peatlands; forestry/woodlands/hedgerows; protected sites and species; invasive species; and urban and built environments. There is acknowledgement of the role of farmers as the custodians of the land and urges that the agriculture industry be supported in conserving and restoring biodiversity.

Read the report HERE.

Watch Lucy’s presentation on how businesses must transition to nature positive below.