CONICET | Buscador de Institutos y Recursos Humanos

The economic system´s interdependent relationship with nature is fraught withcontradictions. While over half of global GDP moderately or highly depends on nature andsubsidies to sectors driving nature?s decline ?e.g., agriculture, fossil fuels, forestry? amount totrillions of dollars annually, funding for biodiversity conservation and restoration remainswoefully inadequate. Bridging the biodiversity funding gap is crucial but alone does not ensureecosystems? health. Beyond innovative economic instruments and the elimination or reform ofharmful subsidies, a selective downscaling of production and consumption has been proposed asa transition strategy to lower the overall ecological footprint of the economic system. Only byaligning economic flows with the biophysical limits of the planet can we envision a future wherehuman well-being coexists with ecological integrity.

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