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UN report finds nature conservation funding must triple globally

UN report finds nature conservation funding must triple globally

United Nations, Jan 27 (Prensa Latina) International organizations on Thursday assured that it is pressing to increase investments to close gaps in climate and biodiversity financing and also to speed up land restoration worldwide.
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The State of Financing for Nature report, prepared by the UN Environment Program (UNEP), World Economic Forum (WEF) and the Economics of Land degradation Initiative, specified that the surge would be equivalent to $8.1 billion and at a future annual rate of $536 billion.

According to the study, these are too high figures but the world really needs them if it wants to accomplish its goals in terms of climate change, biodiversity and soil degradation.

The three international bodies recalled that natural resources are the basis of the global economic system with more than half of the global Gross Domestic Product (GDP) stemming from them.

They also said that the rate of extinction of species, global warming, growing number of extreme weather events and zoonotic diseases such as Covid-19, further reinforce the need to outlay on sustainable actions to enhance resilience of ecosystems.

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