In practice, biodiversity provides various services and products to society and the economy and as such is indispensable. Examples of such services include pollination of food crops by insects, wood formation by trees or water purification. Human activities, such as the conversion of nature into agricultural land, its use by buildings and traffic, and the influx of fertilizers and chemicals, put biodiversity under pressure worldwide. However, different institutions depend on ecosystem services. When it comes to pollination of food crops, for example, agriculture gets into trouble when the bees disappear. In addition, in that case financial institutions also run a risk that finance the economic activities of companies with a high dependence on ecosystem services.
Due to the great importance of biodiversity for society and the economy, the Convention on Biological Diversity has the following objectives:
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Various guidelines have now been drawn up in order to implement these objectives. At European level, the biodiversity goals are elaborated, for example, in the EU biodiversity strategy with the following important pillars:
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