Ecological Civilization Open Access

Impacts on the Legal Framework for Protecting Environmental and Human Rights in Brazil due to Ideological Antagonism: The Interrelated Cases of the Yanomami and the Amazon Fund

The occupation of the Amazon is driven by capitalist production, impacting climate change discussions. Despite constitutional protections since 1934, the influx of non-Indigenous settlers, particularly miners, led to significant conflicts. The Yanomami sought international recourse through the Inter-American Commission on Human Rights (IACHR). In the context of redemocratization, the 1988 Constitution marked a shift, reinforcing Indigenous rights and environmental protection. Brazil’s role in protecting the rainforest intersects with global climate efforts, including the REDD+ mechanism. The creation of the Amazon Fund in 2008, aligned with REDD+ initiatives, involved international cooperation and local governance, leading to a substantial decline in Amazon deforestation between 2004 and 2012. However, exploitative practices endorsed by the State pose threats to environmental and human rights, notably affecting indigenous communities. Amid Brazil’s democracy crisis, deforestation surged in the Amazon from 2013–2022 and the Yanomami face conflicts fueled by State support for non-Indigenous groups. The Yanomami sought international recourse through the IACHR and the Inter-American Court of Human Rights. These issues are intensified by an ideological bias, linked to authoritarian populism rooted in the legacy of the Dictatorship. Recent initiatives aim to enhance environmental and human rights protection. However, political instability poses challenges for the future.

The Priority of Nature-based over Engineered Negative Emission Technologies: Locating BECCS and DACCS within the Hierarchy of International Climate Law

Drastically reducing emissions is essential to achieve the Paris Agreement’s (PA) goal of keeping global temperature well below 2 °C, ideally at 1.5 °C. With regard to residual emissions, however, a demand for negative emission technologies (NETs), also known as carbon dioxide removal (CDR), remains. NETs are particularly necessary to reach net-zero goals by offsetting emissions in hard-to-abate sectors. This article examines the distinction between “engineered” and “nature-based” removals from the perspective of international climate change law. To that end, the relevant legal norms in the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol (KP), and the PA are interpreted—with a particular emphasis on two engineered removals: bioenergy with carbon capture and storage (BECCS) and direct air carbon capture and storage (DACCS). We posit that the three treaties establish a normative hierarchy that is more favorable towards so-called nature-based removals and less favorable to engineered removals (and even more favorable towards emission reductions).

Promoting Ecological Civilization through Religious Prophetic Communication: An Interreligious Framework

This paper explores the transformative potential of religious prophetic communication in advancing an ecological civilization. Drawing upon diverse religious traditions—Christianity, Islam, Buddhism, and Confucianism—it argues that religious teachings offer profound insights and ethical frameworks essential for addressing contemporary ecological challenges. A key aspect of ecological civilization is the presence of a pervasive ecological ethos. The paper contends that religious prophetic communication plays a crucial role in cultivating such an ethos by promoting a heightened ecological conscience and consciousness among individuals and communities. Through prophetic communication, faith actors and communicators articulate moral imperatives rooted in religious principles contextualized to the present ecological situation. The paper delineates five components that make up religious prophetic communication: (1) Communicating from the position of faith; (2) Communicating in a contextually relevant manner; (3) Communicating to energize; (4) Communicating to criticize; and (5) Communicating beyond words. Applied to the ecological context, religious prophetic communication aims to affirm, stimulate imagination, clarify misunderstandings, inspire action, and confront unjust realities. By carrying out its prophetic role, religious communicators can help bring about an ecological ethos and promote the realization of ecological civilization.

Roots of (and Solutions to) Our Ecological Crisis. A Humanistic Perspective

Research into the sources of contemporary ecological crisis as well as ways to overcome it has been conducted for several decades. Rich academic literature provides numerous attempts to identify the causes of the crisis and its solutions. The ecological crisis is extremely complex and variously conditioned. Therefore, I focus on determining only two sources of the crisis and, respectively, two solutions. Since the late 1960s, monotheistic religions, Christianity in particular, have been made responsible for the environmental crisis. Christianity is accused of forwarding two theses which are harmful to the environment: 1. The sole purpose of nature is to serve man. 2. By God’s will, man is endowed with unlimited power over nature. I attempt to overcome this understanding of the source of the crisis by showing the interpretation of the Bible which contradicts the above-mentioned theses. Moreover, I show “the ecological potential” of the Judeo-Christian and Muslim traditions. As the second source of the crisis I indicate modern thought: 1. Man’s alienation from nature as the result of the Cartesian division of reality into res cogitans and res extensa. 2. Francis Bacon’s program: the study of nature is the task of natural sciences alone; nature is devoid of value in itself. 3. The mathematization of nature made it possible for the natural and technical sciences to develop rapidly, which contributed to the industrial revolution. I look for an antidote to this cause of the crisis in Klaus M. Meyer-Abich’s idea of man’s peace with nature which he developed as part of the practical philosophy of nature. I believe that revealing our inseparable bond with nature and showing compassion towards nature may help overcome the destructive consequences of modern thought. 

Private Property and Public Commons: Narrowing the Gap

Private property and public commons each represent strongly felt concepts of society but in very different ways. While the protection of private property is at the heart of the capitalist system and deeply embedded in our laws, the protection of the public commons is a mere subset of government policies and often lacks firm regulations. Critically, natural commons such as air, water, biodiversity, and a habitable earth, are hardly protected at all. Environmental laws regulate use and protection of natural “resources” in a strict instrumental fashion, ignoring the intrinsic value of Nature and take Earth’s ecological systems for granted. This article traces the “hidden logic” of environmental law and explores some of the history of property and the commons in the European context. It then shows the fundamental importance of ecological integrity for all efforts towards sustainable societies. The overall thesis is that property and commons must be based on ecological sustainability as a fundamental norm of law.

Ecological Civilization: A New Open Access Journal for Research on Eco-Civilization Concerns

Desperately Seeking Sustainable Human Well-Being: A Review of Indicators, Concepts, and Methods

Evaluating progress in human development and well-being is imperative for policymakers to assess the impact of their policies. Traditional measurement methods focus mostly on economic growth and socio-economic objectives, often neglecting vital components of the natural environment, particularly the ecological determinants essential for the sustainability of human well-being. The tension between sustainability and development becomes apparent as the recognition of the dependence of human well-being on the natural environment and ecosystem services is crucial for safeguarding the environment for present and future generations. This highlights the necessity for indicators that capture the intricate relationship between human well-being and environmental changes while addressing the challenges posed by the tension between sustainable practices and traditional development models. This paper presents a literature review examining the domains, dimensions, and indicators related to the sustainability of human well-being regarding economic, social, and natural environments. Emphasizing the multidimensional nature, this paper highlights the drawbacks of relying solely on socioeconomic indicators for assessment. The review explores diverse concepts and methodologies proposed to evaluate the components and multidimensional factors influencing the sustainability of human well-being. Ultimately it offers a holistic understanding serving as a foundation for further research and policy development.

From Olive Branch to Olive Tree—Global Green Demilitarization and Ecological Civilization

In 2007, a report to the 17th National People’s Congress in Beijing introduced the concept of Ecological Civilization (EC) (Shēngtài Wénmíng 生态文明) to the official lexicon of the Chinese Communist Party (CCP). With origins in the state discourse of the Soviet Union of the 1980s, the term gained new forms of traction in China and abroad as it drew from ecological Marxism, constructive postmodernism, and process philosophy to propose a new technic of statecraft and international cooperation for the development of long-term, global ecological justice and sustainability. In 2012, the constitution of the People’s Republic of China enshrined the goals of EC as a primary national objective, promulgating specific policies on environmental management, green technology, and ideological development. Although some critics view EC discourse as the epitome of authoritarian environmentalism, others cite the PRC’s remarkable strides in developing green technologies and assuming leadership in international treaty negotiations, such as the COP 15, as evidence that the CCP is taking on a new role in global environmental leadership. Beyond the immediate concerns of EC’s performative dimensions, rigorous analysis of EC as a discursive political strategy is critical for understanding its potential for opening spaces of unprecedented international cooperation on planetary environmental governance. While skepticism is in order, facile reductions of the scope of Shēngtài Wénmíng discourse to mere propaganda designed to disguise authoritarian environmentalism marks a dangerous foreclosure on what could very well emerge as a workable vision of international cooperation to solve ecological and social crises arising from the global climate emergency, the Sixth Mass Extinction, and severe regional disparities in resource access. Strong EC theory and practice ascribe transcendent value to the earth’s biogeochemical systems as the very oikos (οίκος)—the ecological home within which human economy and infrastructure engage with more-than-human forces constitutive of “nature” to co-create our shared terrestrial world. Within this highly variegated terrestrial ecology, with its multiplicity of biomes, human and more-than-human potentials can be realized for mutual benefit—the essential condition for sustainability. Given these considerations, to dismiss PE discourse in summary fashion constitutes a grave mistake and an act of bad faith. This analysis reconceptualizes the oikos as deeply similar to the East Asian philosophical concept of Tiānxià (天下) and, concomitantly, equates the Western conception of cosmos (σύμπαν) with the Daoist and Confucian concept of (Tiān天).This vision of wealth and common property embodied in the global biospheric commons grounds, reproduces, and inflects the human terrestrial condition. The mechanism for achieving global EC involves the overcoming of the fundamental contradictions between classical paradigms of industrial development and emerging conceptions of ecological resilience, by fast-tracking ecological development at all terrestrial scales on a foundation of unprecedented international cooperation and social justice. This includes the treatment of scarce mineral resources, which are required to meet the growing global demand for green technologies and mitigate the disastrous effects of global climate change, as common pool resources. EC comprises a radical and crucial reconfiguration of geopolitical theory and practice based on a new ecological ethics for the Anthropocene Epoch. This readjustment of international relations to meet actually existing global crises cannot be realized without a concomitant and symmetrical system of demilitarization based on the transfer of resources, materiel, personnel, expertise, and security policy out of the global military-industrial complex, which centers on monocentric geographic realms (East Asia, North America, the EU, South Asia, and Russia) and a series of shifting alliances the G-7, NATO, the UN. The United States and China currently enjoy an unprecedented degree of prominence and agency on the world stage. They must, for that very reason, play leading roles in global demilitarization. The most effective means of insuring multilateral involvement in this process, and the protocol with the largest peace dividends, is called Global Green Demilitarization. This article provides the philosophical, ethical, and political groundwork to replace destructive practices of resource competition with diplomatic processes leading to international, multilateral, and global Ecological Civilization. The road will be long and perhaps the way will be arduous, but the rewards will exceed the difficulties, consisting, as they will, of a thriving planet and a dynamic, peaceful, and equitable civilization in the 21st century and for the remainder of the third millennium.

The Role of Liability Regime in Addressing Historical Contaminated Land Problems: A Comparative Perspective from England and China

This article conducts a comparative analysis of contaminated land regimes in China and England, focusing on their development, liability attribution, key principles, administrative nature, and financial guarantees. Both regimes are risk-based and are supported by the Polluter Pays Principle and the Stewardship Principle. They have similar liability arrangements: attributing the liability firstly to the polluter and then to landowners/occupiers or the usufructuaries. Administrative authorities under both regimes hold pivotal roles in remediating land on certain occasions. However, the cost recovery mechanisms vary due to the different constitutional roles among enforcing authorities, courts, and liable parties in the two countries. Both regimes impose retrospective liability, yet England provides detailed rules regarding the hardship provision and exclusion tests, preventing the unfair allocation of liability more effectively. Experience from England highlights the limited role of legal regimes in managing historical pollution, emphasising the need for supplementary mechanisms. This is why financial support is critical for effective land remediation in both countries. 

Mapping the (in)Effective Enforcement of EU Environmental Law in Greece: Lessons from the EU and Domestic Courts

The effective implementation and enforcement of EU environmental law at national level constitutes a thorny issue with both legal and practical aspects. Greece is among the EU Member States which has historically faced difficulties in complying with the EU environmental acquis due to the poor functioning of the Greek administration, the limited manpower, expertise and resources (especially during the recent period of the economic crisis) for the competent authorities, the lack of political will, the low awareness of environmental problems. In this context, this paper aspires to unpack these enforcement challenges at the national level based on the case law of both the Greek Council of State and the Court of Justice of the European Union. Considering that waste management, nature protection, and water and air quality sectors are recognized as areas with the most significant deficiencies in implementation at the domestic level, the analysis will focus on these four key sectors.  To this end, by reviewing the relevant EU and Greek jurisprudence, this paper aspires to identify the disparities between the formal requirements and the practical application of EU environmental regulations in Greece in light of the national political, economic, social, and cultural dynamics. 

Roots of (and Solutions to) Our Ecological Crisis. A Humanistic Perspective

Research into the sources of contemporary ecological crisis as well as ways to overcome it has been conducted for several decades. Rich academic literature provides numerous attempts to identify the causes of the crisis and its solutions. The ecological crisis is extremely complex and variously conditioned. Therefore, I focus on determining only two sources of the crisis and, respectively, two solutions. Since the late 1960s, monotheistic religions, Christianity in particular, have been made responsible for the environmental crisis. Christianity is accused of forwarding two theses which are harmful to the environment: 1. The sole purpose of nature is to serve man. 2. By God’s will, man is endowed with unlimited power over nature. I attempt to overcome this understanding of the source of the crisis by showing the interpretation of the Bible which contradicts the above-mentioned theses. Moreover, I show “the ecological potential” of the Judeo-Christian and Muslim traditions. As the second source of the crisis I indicate modern thought: 1. Man’s alienation from nature as the result of the Cartesian division of reality into res cogitans and res extensa. 2. Francis Bacon’s program: the study of nature is the task of natural sciences alone; nature is devoid of value in itself. 3. The mathematization of nature made it possible for the natural and technical sciences to develop rapidly, which contributed to the industrial revolution. I look for an antidote to this cause of the crisis in Klaus M. Meyer-Abich’s idea of man’s peace with nature which he developed as part of the practical philosophy of nature. I believe that revealing our inseparable bond with nature and showing compassion towards nature may help overcome the destructive consequences of modern thought. utf-8

The Priority of Nature-based over Engineered Negative Emission Technologies: Locating BECCS and DACCS within the Hierarchy of International Climate Law

Drastically reducing emissions is essential to achieve the Paris Agreement’s (PA) goal of keeping global temperature well below 2 °C, ideally at 1.5 °C. With regard to residual emissions, however, a demand for negative emission technologies (NETs), also known as carbon dioxide removal (CDR), remains. NETs are particularly necessary to reach net-zero goals by offsetting emissions in hard-to-abate sectors. This article examines the distinction between “engineered” and “nature-based” removals from the perspective of international climate change law. To that end, the relevant legal norms in the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol (KP), and the PA are interpreted—with a particular emphasis on two engineered removals: bioenergy with carbon capture and storage (BECCS) and direct air carbon capture and storage (DACCS). We posit that the three treaties establish a normative hierarchy that is more favorable towards so-called nature-based removals and less favorable to engineered removals (and even more favorable towards emission reductions).utf-8

Depletion and Recovery of Soil Organic Matter: Ecological, Economic and Social Implications

Over the past decades, urbanization, industrialization and unsustainable management have impaired soil fertility and ecosystem functioning, thereby affecting ecological stability and economic development. The mechanistic coupling between pressures and effects lies in the loss of soil organic matter (SOM), which directly and indirectly controls the vast majority of soil properties and the functioning of the soil ecosystem. From the functions SOM exerts in the soil ecosystem, to the consequences of its depletion and the possibilities it offers for ecological restoration, this concise opinion offers a perspective on the multifaceted roles of SOM in sustaining ecosystem functioning and the services it generates. Indeed, SOM plays crucial roles in supporting soil long-term fertility and the provision of ecosystem services, such as food, water, genetic, medical and biochemical resources, religious, cultural and recreational values, as well as sequestration of carbon and regulation of climate. These roles foster the view of SOM as an ideal proxy for soil quality and health, and justify the interest in acting on SOM as a mean of enhancing the sustainability and effectiveness of ecological restoration projects. The improvement of SOM to favor the onset of proper ecological dynamics in heavily degraded ecosystems, such as urban, industrial and agricultural soils, can be also coupled to the recovery of useful organic matter from wastes, integrating ecosystem restoration within waste management and sustainable circular economy strategies. Since, ultimately, the sustainability of our civilization depends upon proper ecological dynamics, soil quality rises to a topic of public concern and this opinion aims at providing a reference point of view on the intertwined implications of its preservation on the ecological, economic and social spheres.utf-8

Ecological Civilization: A New Open Access Journal for Research on Eco-Civilization Concerns

From Olive Branch to Olive Tree—Global Green Demilitarization and Ecological Civilization

In 2007, a report to the 17th National People’s Congress in Beijing introduced the concept of Ecological Civilization (EC) (Shēngtài Wénmíng 生态文明) to the official lexicon of the Chinese Communist Party (CCP). With origins in the state discourse of the Soviet Union of the 1980s, the term gained new forms of traction in China and abroad as it drew from ecological Marxism, constructive postmodernism, and process philosophy to propose a new technic of statecraft and international cooperation for the development of long-term, global ecological justice and sustainability. In 2012, the constitution of the People’s Republic of China enshrined the goals of EC as a primary national objective, promulgating specific policies on environmental management, green technology, and ideological development. Although some critics view EC discourse as the epitome of authoritarian environmentalism, others cite the PRC’s remarkable strides in developing green technologies and assuming leadership in international treaty negotiations, such as the COP 15, as evidence that the CCP is taking on a new role in global environmental leadership. Beyond the immediate concerns of EC’s performative dimensions, rigorous analysis of EC as a discursive political strategy is critical for understanding its potential for opening spaces of unprecedented international cooperation on planetary environmental governance. While skepticism is in order, facile reductions of the scope of Shēngtài Wénmíng discourse to mere propaganda designed to disguise authoritarian environmentalism marks a dangerous foreclosure on what could very well emerge as a workable vision of international cooperation to solve ecological and social crises arising from the global climate emergency, the Sixth Mass Extinction, and severe regional disparities in resource access. Strong EC theory and practice ascribe transcendent value to the earth’s biogeochemical systems as the very oikos (οίκος)—the ecological home within which human economy and infrastructure engage with more-than-human forces constitutive of “nature” to co-create our shared terrestrial world. Within this highly variegated terrestrial ecology, with its multiplicity of biomes, human and more-than-human potentials can be realized for mutual benefit—the essential condition for sustainability. Given these considerations, to dismiss PE discourse in summary fashion constitutes a grave mistake and an act of bad faith. This analysis reconceptualizes the oikos as deeply similar to the East Asian philosophical concept of Tiānxià (天下) and, concomitantly, equates the Western conception of cosmos (σύμπαν) with the Daoist and Confucian concept of (Tiān天).This vision of wealth and common property embodied in the global biospheric commons grounds, reproduces, and inflects the human terrestrial condition. The mechanism for achieving global EC involves the overcoming of the fundamental contradictions between classical paradigms of industrial development and emerging conceptions of ecological resilience, by fast-tracking ecological development at all terrestrial scales on a foundation of unprecedented international cooperation and social justice. This includes the treatment of scarce mineral resources, which are required to meet the growing global demand for green technologies and mitigate the disastrous effects of global climate change, as common pool resources. EC comprises a radical and crucial reconfiguration of geopolitical theory and practice based on a new ecological ethics for the Anthropocene Epoch. This readjustment of international relations to meet actually existing global crises cannot be realized without a concomitant and symmetrical system of demilitarization based on the transfer of resources, materiel, personnel, expertise, and security policy out of the global military-industrial complex, which centers on monocentric geographic realms (East Asia, North America, the EU, South Asia, and Russia) and a series of shifting alliances the G-7, NATO, the UN. The United States and China currently enjoy an unprecedented degree of prominence and agency on the world stage. They must, for that very reason, play leading roles in global demilitarization. The most effective means of insuring multilateral involvement in this process, and the protocol with the largest peace dividends, is called Global Green Demilitarization. This article provides the philosophical, ethical, and political groundwork to replace destructive practices of resource competition with diplomatic processes leading to international, multilateral, and global Ecological Civilization. The road will be long and perhaps the way will be arduous, but the rewards will exceed the difficulties, consisting, as they will, of a thriving planet and a dynamic, peaceful, and equitable civilization in the 21st century and for the remainder of the third millennium.utf-8

Desperately Seeking Sustainable Human Well-Being: A Review of Indicators, Concepts, and Methods

Evaluating progress in human development and well-being is imperative for policymakers to assess the impact of their policies. Traditional measurement methods focus mostly on economic growth and socio-economic objectives, often neglecting vital components of the natural environment, particularly the ecological determinants essential for the sustainability of human well-being. The tension between sustainability and development becomes apparent as the recognition of the dependence of human well-being on the natural environment and ecosystem services is crucial for safeguarding the environment for present and future generations. This highlights the necessity for indicators that capture the intricate relationship between human well-being and environmental changes while addressing the challenges posed by the tension between sustainable practices and traditional development models. This paper presents a literature review examining the domains, dimensions, and indicators related to the sustainability of human well-being regarding economic, social, and natural environments. Emphasizing the multidimensional nature, this paper highlights the drawbacks of relying solely on socioeconomic indicators for assessment. The review explores diverse concepts and methodologies proposed to evaluate the components and multidimensional factors influencing the sustainability of human well-being. Ultimately it offers a holistic understanding serving as a foundation for further research and policy development.utf-8

Mapping the (in)Effective Enforcement of EU Environmental Law in Greece: Lessons from the EU and Domestic Courts

The effective implementation and enforcement of EU environmental law at national level constitutes a thorny issue with both legal and practical aspects. Greece is among the EU Member States which has historically faced difficulties in complying with the EU environmental acquis due to the poor functioning of the Greek administration, the limited manpower, expertise and resources (especially during the recent period of the economic crisis) for the competent authorities, the lack of political will, the low awareness of environmental problems. In this context, this paper aspires to unpack these enforcement challenges at the national level based on the case law of both the Greek Council of State and the Court of Justice of the European Union. Considering that waste management, nature protection, and water and air quality sectors are recognized as areas with the most significant deficiencies in implementation at the domestic level, the analysis will focus on these four key sectors.  To this end, by reviewing the relevant EU and Greek jurisprudence, this paper aspires to identify the disparities between the formal requirements and the practical application of EU environmental regulations in Greece in light of the national political, economic, social, and cultural dynamics. utf-8

Incentive for Ecosystem Services: Governance and Policy Coherence in Nepal

This research highlights the governance of landscape and policy coherence to ensure a sustainable supply of ecosystem services through incentives for ecosystem schemes at the municipal level in Nepal. The study was carried out in Dhankuta and Dasarath Chand municipalities representing Nepal’s Koshi and Sudur Paschim provinces. Six aggregate governance indicators adopted by the World Bank Group were assessed through interviews with primary stakeholders of selected landscapes in two municipalities, followed by Key Informant Interviews. The study indicates that implementation of the Incentive for Ecosystem service scheme is feasible, creating multi-stakeholder institutions at the local level. However, there are several governance challenges to ensure its success. In particular, incentives for ecosystem schemes must be part of local government planning, where multisectoral coordination and collaboration are essential. While municipal authorities have constitutional jurisdictions to initiate such schemes, they lack the human resources to understand ecosystem management for a sustainable supply of ecosystem services. Therefore, landscape governance is essential to make incentive schemes successful and ensure transparency and equitable benefits among ecosystem service providers.utf-8

Social, Ecological and Economic Synergies of Forests for Sustainability Contradict Projects Involving Large-Scale Deforestation for Energy Production

Good projects and solutions aiming at sustainable development must repair the damage done in past decades by being explicitly designed and monitored to achieve synergetic benefits for the environment and society. We identify environmental, social and economic aspects of sustainability in which enlightened forest management can increase the fulfillment of human and ecological needs and hence the quality of life of present and future generations. Projects aiming at energy production and profits at the cost of biodiversity, nature protection, and human health and well-being are therefore questionable and increasingly socially and politically unacceptable—especially where the viability of alternative options with better social and ecological footprints can be easily demonstrated. This is also true for renewable energy projects. The perspective presented here demonstrates how ostensibly renewable energy projects in natural areas, such as large-scale wind and solar power plants in traditional forests, which are planned, for example, in Germany, may be detrimental to ecological and social sustainability. Forests cut down for such projects are “non-renewable” within reasonable time-scales left to stabilize our climate and ecosystems. Such projects also impair the credibility of the proclaimed role model character and sustainability leadership of Global North countries, which can lead to negative implications for the protection of forests in tropical countries.utf-8

From “Land” to “Ecosystems”—Paving the Way for Ecosystem Services in Sustainable Finance

Although biodiversity loss is acknowledged as one of the main drivers of financial risk, there is still no clear understanding of how impacts and dependencies on biodiversity affect the financial sector. In fact, nature degradation does not manifest itself as a systemic risk because it does not threaten the very nature of the financial system. There are transmission channels between nature and finance that need to be investigated: the many intermediate cause-and-effect relationships should be identified and assessed. Such a process involves multiple disciplinary domains, ranging from ecology and economics to finance. An Ecosystem Services-based approach may represent a comprehensive framework to (i) reconcile coherently different environmental issues such as climate change, biodiversity loss, pollution and sustainable use of resources, and (ii) connect ecosystems and socio-economic systems. Not only can ecosystem services be assessed, but also ecosystem vulnerabilities which are at the origin of nature-related financial risks. Adopting an ecosystem services-based perspective can be the first step toward building ecologically meaningful and economically useful transmission channels for financial risks.utf-8