The study, published by reinsurance providers Swiss Re, claims that BES “underpins all economic activity in our societies globally” and that 55% of the global GDP is “moderately or highly dependent” on the movement of BES to determine the health and stability of communities and economies.

It also claims that 20% of countries are at risk of their ecosystems collapsing due to a decline in BES services and, with Malta being on top, this isn’t good news.

However, Malta also ranks in the top 10 countries with the lowest GDP dependency on BES which means the country is less susceptible to economic shocks ranging from ecosystem issues. 

Malta is notoriously-known for its poor strategies towards ecosystem initiatives and has routinely ranked last in the EU for renewable energy use.

However, earlier this week, Hili Company revealed that its new Bengħajsa solar farm is now working at full capacity, producing 2,400kW of energy, enough to power a small village.

“It presses all the right buttons for both the private and the public sectors, benefiting both the economy and the environment. We recognise that more needs to be done to move towards a greener economy and we are determined to play our part,” said CEO Edward Hili about the project. 

What do you make of these findings? Let us know below