• Colombia is looking to rebuild the economy in a sustainable manner, based on biodiversity and healthy ecosystems.
  • Nature-based solutions are the way forward for a green and resilient recovery.
  • Colombia's Circular Economy Strategy seeks economic diversification, job creation, and reduction of environmental impact.

This era of pandemic clearly shows us the relationship between the health of ecosystems and people’s health. After this lesson, we cannot return to a system that does not link job creation and the economy with the health of ecosystems and their inhabitants.

In Colombia, the dual challenges of production and conservation, as framed in our National Development Plan, show us the path that we must follow for the responsible and equitable use of renewable natural resources over time, and at a local and national scale.

The prevention and reduction of deforestation, the restoration and reforestation of degraded land, the development of agroforestry and silvopastoral projects, the payment of environmental services to the communities that conserve their forests, the development of ecotourism projects, the transition to clean energy and the development of green public spaces are some examples of nature-based solutions rebuilding sources of employment and countries’ economies.

It is essential that the local authorities include this vision in municipal development plans and adjust them based on these principles.

In Colombia, we have 365 projects in our portfolio of nature-based solutions. Almost half (47%) of these projects are related to the agricultural and forestry sector, 13% to the tourism sector and 12% to the food sector. Other projects are related to the circular economy, power generation and artisan products, among others.

Nature-based solutions.
Nature-based solutions.

Our Administration is looking to rebuild the economy in a sustainable manner, based on biodiversity and healthy ecosystems, to support food production, bio-security and improve of our citizens’ quality of life, with a joint focus on the sustainable use of natural capital and social inclusion.

Our National Circular Economy Strategy seeks economic diversification, job creation, and reduction of environmental impact. This initiative will generate new jobs from waste and material valuation activities, as we adopt a circular business model, and formalize the role of recyclers and their associations.

We will implement the national restoration strategy, with the planting of 180 million trees. It is estimated that this will generate approximately 50,801 jobs, promoting competitiveness and the diversification of the economy, income generation for vulnerable populations, and the protection of the country's natural capital. We will invest $107 million in this project over two years.

We are promoting green business: catalysing approximately 3,800 of them by 2022. To achieve this goal, we have created a new platform for the digital promotion of green businesses, including their digital portfolio, a new registration and validation system, and a marketing application, to make it easier for consumers to do business with these entrepreneurs.

We are also working on the Payments for Environmental Services (PES). The objective of this programme is to conserve 160,000 hectares that will be preserved and will generate income for 13,000 families, located in 18 regions, covering 303 municipalities that receive compensation for conservation. We expect to invest $38 million in the programme over two years.

All this will be leveraged by digital transformation, an efficiency tool for environmental processes that facilitates private investment and communication with our citizens.

coronavirus, health, COVID19, pandemic

What is the World Economic Forum doing to manage emerging risks from COVID-19?

The first global pandemic in more than 100 years, COVID-19 has spread throughout the world at an unprecedented speed. At the time of writing, 4.5 million cases have been confirmed and more than 300,000 people have died due to the virus.

As countries seek to recover, some of the more long-term economic, business, environmental, societal and technological challenges and opportunities are just beginning to become visible.

To help all stakeholders – communities, governments, businesses and individuals understand the emerging risks and follow-on effects generated by the impact of the coronavirus pandemic, the World Economic Forum, in collaboration with Marsh and McLennan and Zurich Insurance Group, has launched its COVID-19 Risks Outlook: A Preliminary Mapping and its Implications - a companion for decision-makers, building on the Forum’s annual Global Risks Report.

The report reveals that the economic impact of COVID-19 is dominating companies’ risks perceptions.

Companies are invited to join the Forum’s work to help manage the identified emerging risks of COVID-19 across industries to shape a better future. Read the full COVID-19 Risks Outlook: A Preliminary Mapping and its Implications report here, and our impact story with further information.

This is a defining moment. The pandemic has put us at a crossroads: we can go back to the old way of doing things and follow a path that leads to the ever faster destruction of the planet and human life, or we can make courageous, responsible and innovative decisions to rebuild in a sustainable way, to achieve true, green growth.

The defining call to the international community is to recognize nature-based solutions as the way forward for a green and resilient recovery that prioritizes education, participation, innovation, research, financing, adaptation and mitigation, as its most important and strategic lines.