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unep: UNEP calls for doubling spend on nature-based solutions by 2025

by Euro Times
December 1, 2022
in Business
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As global crises such as food insecurity, energy shortage, inflation, geopolitics and supply chain issues gain political priority, a new report by the UN Environment Programme calls for doubling spend on nature-based solutions by 2025.

While war, economy and related crises will take top priority, there cannot be any backsliding on the efforts to restrict global temperature rise to 1.5°C, halt biodiversity loss, achieve land degradation neutrality, and meet the Sustainable Development Goals, the report says, adding that it will require a ramping up of efforts to reduce emissions, conserve nature and move to sustainable consumption and production.

“War and extreme weather have caused devastation and immeasurable human suffering, and economic recession looms with inflation increasing rapidly. Meanwhile, natural assets continue to deteriorate due to chronic undervaluation of natural systems and systemic unsustainable production and consumption. The science is undeniable,” said Inger Andersen, executive director of UNEP. “As we transition to net-zero emissions by 2050, we must also reorient all human activity to ease the pressure on the natural world on which we all depend.”

The report released barely a week ahead of COP15 of the Convention on Biological Diversity is expected to serve as aconstant reminder that ambition and great plans require adequate financial flows for implementation



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