More money spent on destroying nature and less on protecting it

Published:

More money spent on destroying nature and less on protecting it
Photo: Achmad Ibrahim/AP/TT

For every dollar we spend on saving nature, we spend more than $30 on destroying it, according to a new report from the UN environmental agency UNEP.

In 2023, $7.4 trillion was spent on activities that harm nature, such as industry, fossil fuels, and agriculture. Most of it came from the private sector.

Of the $220 billion invested in protecting and restoring nature, just over ten percent came from private sources.

"If you follow the money, you see the scale of the challenge that lies ahead," said UNEP Director Inger Andersen in a press release.

UNEP estimates that investments in nature-based solutions must increase to $572 billion per year by 2030 to meet the agreed global goals.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...