Mark Wishnie, CSO of BTG Pactual Timberland Investment Group and Head of Landscape Capital
The potential of nature-based solutions – actions that protect, restore and sustainably manage natural ecosystems – to help combat the climate crisis is now widely recognized. Nature-based solutions can cost-effectively provide roughly a third of the climate action needed by 2030 and, unlike other carbon removal technologies, are available and proven now. Scientists and policymakers agree, we can’t achieve the goals of the Paris Agreement without rapidly deploying nature-based solutions at scale.
Despite this potential, nature-based solutions (NbS) receive only a small fraction of the financing needed to unlock their full potential in the fight against climate change. The UN Environment Program recently reported that if the world is to meet climate change, biodiversity, and land degradation targets, it needs to close a USD $4.1 trillion financing gap in nature by 2050. The current investments in NbS amount to only $133 billion – most of which comes from public sources. This follows analysis last year by The Nature Conservancy and others that found the biodiversity financing gap is roughly $711 billion per year.
It is widely acknowledged that private sector investment will be needed to tip the scales and institutional investors also have an important role to play…
See the full article at BusinessGreen.