We all know that agriculture bears the brunt of climate change, but how can the adverse effects be limited? Researchers from Imperial College London found that Nature-based Solutions might have answers to offer. A new report by the Centre for Climate Finance & Investment (CCFI) at Imperial College Business School explores the risks and opportunities facing the global agricultural sector from climate change. By adopting a cost analysis method, the report identified some of the good practices of NbS while noting that their true costs may be underestimated. However, the authors argue that uncertainty should not be an excuse for inaction, with the carbon market currently representing a reasonable attempt at valuing natural benefits whilst the private sector has the opportunity for improving the quantity and quality of transactions in these markets.
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