University of Miami Climate Resilience Institute’s Post

As we seek to capture the resilience dividend, how do we account for the value of #rain in our cost-benefit analyses? University of Miami Climate Resilience Institute's friend and colleague Henk Ovink, head of the Global Commission on the Economics of Water, delivered the opening remarks for the "conservation and restoration of water-related ecosystems for peace with nature" panel at #COP16. The Commission's recent report (linked below) explains the importance of #greenwater, the part of the water cycle that flows through soil and is catalyzed into rain by the evapotranspiration of plants. Every #SustainableDevelopmentGoal (SDG) assumes a stable water cycle, but half of the world's rain comes from forests, he said. Deforestation, agricultural conversion, and urban expansion can reduce rainfall and further increase vulnerability. Mr. Constantino Aucca Chutas, founder of Acción Andina and a UN 2022 Champion of the Earth laureate in Inspiration and Action, had the last word: "Conservation without money is just conversation. If that doesn't include local and native communities, it's a bad conversation."

The Economics of Water - Valuing the Hydrological Cycle as a Global Common Good

The Economics of Water - Valuing the Hydrological Cycle as a Global Common Good

watercommission.org

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