From Nature-based Solutions to the Nature-based Economy - Delivering the Green Deal for Europe. Draft White Paper for consultation. Nature-based Economy Working Group of EC Task Force III on Nature-based Solutions

This White Paper addresses this imbalance by proposing a paradigm shift - a new approach to valuing natural capital and to enabling its incorporation in the economic system. This document is a synthesis of a longer background report under preparation by the Nature- Based Economy Working Group of Task Force III of the European Commission. The recommendations of this document will be debated at a high level policy dialogue at the end of June 20211 following which they will be shared as part of an open consultation process running until mid September 2021. The outcome of this process will form the basis for an EC Expert Publication on the Nature-based Economy to be launched at the European Business Summit in November 2021. The recommendations of this White Paper provide a basis for dialogue with policy makers, at all levels of government and across all fields of policy implementation, and with wider stakeholders in business, society and the innovation ecosystem on the changes needed to shift towards a Nature-based Economy. It particularly aims at stimulating valuable cross-sectoral policy discussions between policy makers responsible for climate change and biodiversity policy and those responsible for sustainable economic growth policies within the context of rapidly depleting stocks of natural capital.