Thread by @greenfinanceobs

1/5 New @IPBES @IPCC report promotes #NatureBasedSolutions, carbon and biodiversity #offsetting and #InclusiveWealth, the new neoliberal metric putting a price on nature and human life, but framed as a sustainable metric complementing GDP.

#Dasgupta
ipbes.net/sites/default/…

2/5 "Where #NatureBasedSolutions are used as
carbon #offsets, they are most effective when applied
subject to strict conditions and exclusions"
=> In case anyone had any doubt left that #NatureBasedSolutions included offsetting

3/5 "For #biodiversity, the concept of #offsets, the substitutability among a slate of possible actions, can introduce the flexibility required to achieve multiple competing objectives at regional scale, if applied subject to strict conditions & exclusions"

4/5"An example is moving away from a conception of economic progress based solely on GDP growth, to one of human development based on #InclusiveWealth & which considers the multiple values of nature for a good quality of life while not overshooting biophysical and social limits"

5/5 IPBES and IPCC's support for #InclusiveWealth might mean that this debunked concept might be soon applied worldwide and not only in the UK, potentially paving the way for more growth maximisation & more inequalities
See greenfinanceobservatory.org/wp-content/upl…