In 2021, a UN report said global funding for nature conservation needed to triple this decade to about $350bn a year by 2030
Kuala Lumpur — The world’s 20 richest nations should more than double their annual spending to protect and restore nature to $285bn by 2050, the UN and donors said on Thursday, calling for private and overseas investments to be ramped up too.
“The amount of money being invested in nature-based solutions is not nearly enough,” Mulder told the Thomson Reuters Foundation. “I would hope that G20 countries can lead by example and they're not doing that at the moment.” Dozens of countries pledged to do more to conserve nature and make farming greener at November’s COP26 UN climate talks, including a commitment by more than 100 nations to halt and reverse deforestation by 2030.
Funding from G20 nations represented 92% of all global investment in nature, the report found, with the vast majority of that government money — 87%, or $105bn — allocated to programmes inside their own borders, the report said. The report also noted that more than $14.6-trillion was spent by 50 leading economies in 2020 to recover from the Covid-19 pandemic, of which only $368bn, or 2%, was considered “green”.
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