Governments urged to redirect $1trn of planet-wrecking subsidies to nature conservation and restoration
Governments collectively funnel more than $1trn of subsidies into businesses that harm nature, including fossil fuel majors, mining giants and industrial agriculture, every year.
The global biodiversity funding gap could surpass $824bn by 2030, Global Canopy warns
That is according to new research from think-tank Global Canopy, which was set up to prevent the destruction of natural habitats. The organisation’s ‘Little Book of Investing in Nature’ includes data from organisations including the World Economic Forum, WWF and the UN, alongside analysis and commentary from experts at the International Development Finance Club (IDFC) and Cornell Atkinson Center for Sustainability.
How one think tank is helping step up green finance initiatives in China Environmentally friendly banking practices could help conserve forest resources Shares A legally protected ancient tree surrounded by tree plantation plots in Red Earth Township, Dongquan County, Yunnan Province, China. CIFOR/Louis Putzel Related stories
The global environmental challenges the world faces require multilateral solutions that involve public and private stakeholders. Increasingly, there is a push to develop green financial systems that offer incentives for corporate actors to reduce carbon emissions, invest in clean energy sources and prioritize conservation of natural resources.
Over the past five years, China has made headlines for its green finance approach to pursuing an “ecological civilization” that can address the dual objectives of development and environmental protection, which is embedded into its
Pandemic hikes concern over much-needed climate finance for poorest - International - World ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.