This chapter aims to assess the impact of COVID-19 on Agenda 2030 specifically focusing on SDG 13, i.e. climate actions. Habitat loss, the creation of artificial environments, the manipulation and trade of wild animals and more generally the destruction of biodiversity are mainly affecting the dynamic balance of the biosphere, as is confirmed by the first world report on the world’s ecosystems, i.e. the Millennium Ecosystem Assessment. The changes in the use of land and the destruction of natural habitats, such as tropical forests, may be the main origin of more than half of emergent zoonosis. Given the magnitude of the current health crisis and the potential of pandemic risks, the world needs to pay attention to climate change and the broader sustainability agenda at this time. As the current health crisis is turning worldwide interest on climate change there is an urgent need to assess the response to COVID-19 from the financial and insurance perspective. In doing this our analysis points out the relationship between pandemic risk and sustainable development by considering both negative and positive impacts on the achievement of the SDG 13 targets. The ongoing COVID-19 shows the urgent need to strengthen sustainability by reducing and managing climate and environmental risks that can be supported by radical solutions provided by sustainable finance, as the European Commission emphasized in its consultation on Renewed Sustainable Finance Strategy. From the insurance industry view, it is clear that potential actions will be needed to limit the impacts of extreme weather events and related effects on global supply chain.
Doni, F., Johannsdottir, L. (2021). COVID-19 and Pandemic Risk: The Link to SDG 13, Climate Change and the Finance Context. In W. Leal Filho (a cura di), COVID-19: Paving the Way for a More Sustainable World (pp. 43-60). Springer Nature [10.1007/978-3-030-69284-1_3].
COVID-19 and Pandemic Risk: The Link to SDG 13, Climate Change and the Finance Context
Doni, F
Primo
Membro del Collaboration Group
;
2021
Abstract
This chapter aims to assess the impact of COVID-19 on Agenda 2030 specifically focusing on SDG 13, i.e. climate actions. Habitat loss, the creation of artificial environments, the manipulation and trade of wild animals and more generally the destruction of biodiversity are mainly affecting the dynamic balance of the biosphere, as is confirmed by the first world report on the world’s ecosystems, i.e. the Millennium Ecosystem Assessment. The changes in the use of land and the destruction of natural habitats, such as tropical forests, may be the main origin of more than half of emergent zoonosis. Given the magnitude of the current health crisis and the potential of pandemic risks, the world needs to pay attention to climate change and the broader sustainability agenda at this time. As the current health crisis is turning worldwide interest on climate change there is an urgent need to assess the response to COVID-19 from the financial and insurance perspective. In doing this our analysis points out the relationship between pandemic risk and sustainable development by considering both negative and positive impacts on the achievement of the SDG 13 targets. The ongoing COVID-19 shows the urgent need to strengthen sustainability by reducing and managing climate and environmental risks that can be supported by radical solutions provided by sustainable finance, as the European Commission emphasized in its consultation on Renewed Sustainable Finance Strategy. From the insurance industry view, it is clear that potential actions will be needed to limit the impacts of extreme weather events and related effects on global supply chain.
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