A new analysis, ‘The State of Finance for Nature in the G20’ by the UN Environment Programme (UNEP), the World Economic Forum (WEF) and the Economics of Land Degradation (ELD) Initiative hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with Vivid Economics attempts to capture the complete amount and future needs for G20 spending on land-related nature-based solutions assets and activities.
The State of Finance for Nature in the G20 builds on the global report ‘State of Finance for Nature – Tripling Investments in Nature-based Solutions by 2030' released in 2021, which calls for closing a USD 4.1 trillion financing gap in nature-based solutions. The report represents the need for a worldwide effort to catalyse private and public capital for nature-based solutions to meet targets set by the Rio Conventions and the Sustainable Development Goals to address the biodiversity, land degradation, and climate crises.
This session aims to present the findings of the State of Finance for Nature in the G20 while hosting a discussion about the importance of closing that 4.1 trillion gap and the recommendations in the report to make it possible.