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Tag: degradation

U.N.: Fixing climate, biodiversity and land degradation will cost $8.1 trillion

U.N.: Fixing climate, biodiversity and land degradation will cost $8.1 trillion

Science
May 27 (UPI) -- Planet Earth is in desperate need of funding, according to the United Nations. According to a new report -- published Thursday by the U.N. Environment Program and the World Economic Forum -- an $ 8.1 trillion investment in nature is required to solve the planet's compounding climate, biodiversity and land degradation crises. Advertisement To curb climate change, reduce biodiversity losses and heal the planet's degraded habitat, scientists suggest annual funding for nature-based solutions will need to reach $ 536 billion by 2050, a four-fold increase over current expenditures. The authors of the new report suggest one of the most effective ways to invest in nature is to redirect capital flows away from fossil fuels -- by ending oil and gas subsidies, for example -- and towa...