Authors
Rick Stathers (Schroders), Ashim Paun (Newton Investment Management) and Neil Brown (Alliance trust Investors)
As the visibility of changes to ecosystem services continues to increase on a global level, from the drought in the USA to the smog of Beijing, there is increasing recognition that the outcomes of these changes are having material economic impacts. The evidence may emerge quickly through visible indicators, such as rising crop prices, or gradually through less immediately tangible indicators, such as declining health. This short report summarises the findings of a project which set out to explore how the chief economists of some of the world's largest investment banks are integrating changes to ecosystem services into their economic forecasts.