ABSTRACT

Growth in human population and economic activity has dramatically transformed our planet since the Industrial Revolution. While driving significant improvements in human well-being, these forms of growth also deeply eroded the natural capital embodied in Earth’s lands, waters, and biodiversity. Rapid economic development has lifted hundreds of millions of people out of poverty and raised the standard of living and life expectancies of many more, but the costs of this success cast a long shadow over future well-being.

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