Double finance for nature-based solutions to deal with climate, biodiversity crises: UN report

Updated: Dec 2 2022 5:05PM

Geneva, Dec 2 (PTI) Financing for nature-based solutions (NbS) needs to be doubled by 2025 to deal with multiple global crises of climate change, biodiversity loss and land degradation, according to a new United Nations (UN) report.

The analysis shows that finance flows to NbS are currently only USD 154 billion/year, which is less than half of the USD 384 billion/year investment needed by 2025 and only a third of investment needed by 2030 (USD 484 billion/year).

"The science is undeniable. As we transition to net-zero emissions by 2050, we must also reorient all human activity to ease the pressure on the natural world on which we all depend," said Inger Anderson, Executive Director of UN Environment Programme (UNEP).