Investments in nature-based solutions must triple by 2030 and quadruple by 2050, a new report urges, warning of irreversible damage to economies, the planet and humanity if the status quo remains unchanged.
The State of Finance for Nature Report warns that public and private investment must triple to $350bn by 2030 from the current $133bn – or face a $4.1 trillion gap by 2050.
“It’s doable but it’s not being done,” Teresa Hartmann, one of the report’s co-authors and the climate and nature lead at the World Economic Forum, told Al Jazeera.
“If we take existing financial flows, recovery packages, subsidies, tax revenues – and we redirect those, this is actually a very achievable goal.”
The State of Finance for Nature Report is produced by the United Nations