Balancing the need to preserve biodiversity with the growth aspirations of lower and middle income economies remains a global challenge. The urgency of the situation calls for a critical re-evaluation, according to the Asian Investment Infrastructure Bank (AIIB), which calls for a shift in perspective that views nature itself as infrastructure.
Traditionally, development has seen the transformation of green landscapes into grey infrastructure. As economies increasingly place climate and nature considerations at the forefront, Erik Berglöf, chief economist at the AIIB, says it is not enough to be nature positive, or to take a ‘do no harm’ approach.
