Tag: biodiversity loss

The concept of sustainability is considered differently for developing countries versus developed countries. Developed economies tend to look at sustainability with a significant focus towards environmental impact and preservation. In contrast, developing countries consider sustainability from a socio-economic perspective, which includes infrastructure-related challenges, for example.

South Africa was the first country in the world to grant the tax concession in Section 37D of the Income Tax Act to protect biodiversity, which provides a sustainable financing solution. Biodiversity is a key element of tackling climate change, and it is an area in which South Africa has demonstrated flexibility and innovation.

Life on earth is symbiotic, each component within the ecosystem plays a significant role – you only have to examine how the loss of the bee population today is affecting food systems – to be reminded of just how interconnected everything really is.