June 18, 2021
Economy

Investing Less than 1% of World GDP into Nature-Based Solutions Can Tackle Climate Change

A total investment of $8.1 trillion in nature is required over the next three decades to successfully tackle the climate, biodiversity, and land degradation crises, according to the State of Finance for Nature report released today. This amounts to $536 billion a year by 2050.

The report finds that annual investments in nature-based solutions will have to triple by 2030 and increase four-fold by 2050 from the current investments of $133 billion (using 2020 as base year).

The report was produced by the World Economic Forum, UN Environment Programme (UNEP), and the Economics of Land Degradation (ELD) Initiative hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with Vivid Economics.

It urges governments, financial institutions and businesses to overcome this investment gap by placing nature at the heart of economic…

Read full article here: moderndiplomacy.eu