Home / News / World News / Article /
USD 7 trillion is invested globally in activities that harm nature: UNEP
Updated On: 10 December, 2023 05:27 AM IST | Dubai | Agencies
Report released at the COP28 says that finance directed towards nature-harming businesses increased 30x since 2022
Listen to this article :
The report underscored the need to transition to sustainable business activities. Pic/Getty Images
Close to USD 7 trillion is invested globally each year in activities that have a direct negative impact on nature from both public and private sector sources—equivalent to roughly seven per cent of global Gross Domestic Product (GDP), the State of Finance for Nature report released on Saturday at COP28 by the UN Environment Programme (UNEP) and partners.
The report finds that in 2022, investments in nature-based solutions totalled approximately USD 200 billion, but finance flows to activities directly harming nature were more than 30 times larger. It exposes a concerning disparity between the volumes of finance to nature-based solutions and nature-negative finance flows, an
d underscores the urgency to address the interconnected crises of climate change, biodiversity loss, and land degradation.
Read Next Story
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT