Nature funding must triple by 2030 to protect land, wildlife and climate

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• A U.N. report has said that global annual spending to protect nature needs to triple this decade and then rise to $536 billion by 2050.
• Inger Andersen, executive director of the UNEP programme, has said this large sum of money is "peanuts" to secure the planet's and our own future.
• Failure to increase investments would threaten the Paris Agreement goals, warns the UNEP's Ivo Mulder.
• The U.N. report called on governments to include biodiversity and climate measures in their pandemic stimulus packages.

Global annual spending to protect and restore nature needs to triple this decade to about $350 billion by 2030 and rise to $536 billion by 2050, a U.N. report said, urging a shift in mindset among financiers, businesses and governments.

The inaugural State of Finance for Nature report looked at how to tackle the planet's climate, biodiversity and land degradation crises, estimating about $8 trillion in investment would be needed by mid-century to safeguard natural systems.

Inger Andersen, executive director of the United Nations Environment Programme (UNEP), told the report launch the amounts required may sound large but "it's peanuts when we are frankly talking about securing the planet and our very own future".

Nature funding must triple by 2030 to protect land, wildlife and climate