Tuesday, June 8th 2021, 12:50 pm – Very little private investment is currently going into nature-based solutions, and experts say that this funding must increase substantially.
The world is falling short of “building back better” with only 18 per cent of economic recovery spending on green initiatives. And, just 2.5 per cent was invested in protecting or enhancing nature.
Meanwhile, some 17 per cent of recovery funds went into activities like road building that have a negative impact on nature.
This is a major problem because to successfully tackle the interlinked climate, biodiversity, and land degradation crises, annual investments in nature-based solutions will have to triple by 2030 according to a recent report from the State of Finance for Nature.
Jungle river in Thapom mangrove forest, Krabi, Thailand. (Pakin Songmor. Moment. Getty Images)
Both public and private…
