Site icon Todaynewslife

State of Finance for Nature 2023 (SFN) Report

State of Finance for Nature 2023 (SFN) Report

The State of Finance for Nature 2023 (SFN) report series tracks finance flows to naturebased solutions (NbS) and compares them to the investment needed to maximise the potential of NbS to help tackle climate, biodiversity and
degradation challenges.

For the first time,The State of Finance for Nature (SFN) 2023 report this edition estimates the scale of nature-negative finance flows from both public and private sector sources globally. The figure is daunting – almost US$7 trillion per year – and is likely to be an underestimate given it includes only direct impacts.

Private finance flows that have a direct negative impact on nature are US$5 trillion, which is 140 times larger than private investments into nature-based solutions (NbS).

The report also reveals that countries invest about $7 trillion annually in subsidies and private investments that negatively impact nature. 

This is equivalent to about 7% of the global Gross Domestic Product (GDP).  The investments flow into activities such as: Fossil fuels, Agriculture, Construction.

The report also notes that only 17% of total investments in NbS are currently from private finance.

Key Findings of The State of Finance for Nature 2023 (SFN) Report

Recommendations of The State of Finance for Nature 2023 (SFN) report

About Nature based Solutions (NbS)

NbS are actions to protect, sustainably manage, and restore natural and modified ecosystems that address societal challenges effectively and adaptively, simultaneously benefiting people and nature.
Examples of NbS are Reforestation and Afforestation, Wetland Restoration, Green Infrastructure etc.

ABOUT UNEP

The United Nations Environment Programme (UNEP) is the UN’s leading environmental authority. UNEP’s mission is to find solutions to the triple planetary crisis. This includes: 
  • Fostering climate stability
  • Living in harmony with nature
  • Creating a pollution-free future
UNEP’s core functions include: 
  • Strengthening environmental standards and practices
  • Helping implement environmental obligations at the country, regional, and global levels
  • Monitoring the state of the environment
  • Informing policy making with science
  • Promoting sustainable development and prudent use of the global environment
UNEP was founded in 1972 by Maurice Strong.
Some of UNEP’s initiatives include: 
  • United Nations Environment Programme Finance Initiative
  • United Nations REDD Programme
  • World Conservation Monitoring Centre
  • World Refrigeration Day
  • Global plastic pollution treaty
  • Reset Earth

Read Article: Climate performance index (CCPI) 2024

Exit mobile version