One of the biggest challenges to global efforts to harness ecosystem restoration and nature-based solutions to fight the twin challenges of climate change and biodiversity loss is financing.
The State of Finance for Nature report, released this week, found that a total investment in nature of USD 8.1 trillion is required between now and 2050 – while annual investment should reach USD 536 billion by 2050 – in order to successfully tackle the interlinked climate, biodiversity, and land degradation crises.
The report urges governments, financial institutions and businesses to overcome this investment gap by placing nature at the heart of economic decision-making. It stresses the need to rapidly accelerate capital flows to nature-based solutions by making nature central to public and private sector decision-making related to societal challenges, including tackling the climate and biodiversity crises.
Read the full story on the State of Finance for Nature report here.
Nature-based solutions will be critical to the success of the UN Decade on Ecosystem Restoration, a 10-year global push to halt and reverse environmental degradation, that launches officially on World Environment Day on June 5.
Ahead of World Environment Day, host Pakistan will hold a webinar to look at possible financing solutions, including “Debt for Nature” swaps -- the idea of linking sovereign debt payments to quantifiable performance on biodiversity protection. Read more about this novel financing instrument, and Pakistan’s plans for a green recovery from the COVID-19 pandemic here.
Join the webinar -- organised by the Sustainable Development Policy Institute -- to find out more.
What: Financing arrangements for ecosystem restoration (Ecosystem restoration fund) in Pakistan
When: June 2; 3:00 pm - 5:00 pm Islamabad
Register here
More details here
Speakers at the event will include Chaudhry Muhammad Sarwar, the Governor of Punjab, Malik Amin Aslam, Advisor to the Prime Minister on Climate Change; Muhammed Rizwan, Punjab’s Environment Minister and Dr. Abid Qaiyum Suleri, Executive Director of SDPI.
As host of this year’s World Environment Day, Pakistan, which is among the countries most at risk from the effects of climate change, will highlight environmental issues and showcase its own initiatives such as the 10 Billion Tree Tsunami, one of the world’s most ambitious afforestation efforts.
Find out more about World Environment Day here and check out the schedule of official events.
Join in and become part of #GenerationRestoration here.