G20 leading industrialized nations must embrace their role as influential leaders against climate change, by aligning development and economic recovery with international nature and climate goals, according to a new UN report, published on Thursday.
In its joint report on finance for nature in the G20 countries, the UN Environment Programme (UNEP), the World Economic Forum (WEF) and the Economics of Land Degradation Initiative, examined how wealthy nations can better support nature-based solutions (NbS).
In addition to promoting sustainable farming and supply chains, or intiatives such as creating green spaces in cities to tackle rising heat, G20 States - a group representing many of the world's most advanced economies - must address interrelated climate, biodiversity, and land degradation crises by increasing their annual investments in nature to $285 billion by 2050, said the State of Finance for Nature in the G20 report.
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The 🆕 State of Finance for #Nature in the #G20 report has just been released by @UNEP, @wef & @ELD_Initiative.
