Global financing is heavily skewed to industries that harm rather than preserve nature, according to a new report that calls for an urgent scale-up of nature-positive spending.
The world spends 30 times more money destroying nature than protecting it. That's according to a new report from the United Nations Environment Program (UNEP) that exposes a massive gulf between so-called "harmful investments" and financing that promotes nature preservation.
The global environment agency's latest "State of Finance for Nature" (SNF) report is calling to phase out the US$7.3 trillion (€6.2 trillion) in global investments that damage nature — including into high-emissions energy infrastructure and manufacturing, for example.
Of this, some two-thirds is from private sources concentrated in the utilities, industry, energy and materials sectors. The rest comes from public coffers and includes harmful government subsidies into the fossil fuel, agriculture, transport and constr
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