edie's latest COP26 Primer report focuses on nature-based solutions
As part of the brand-new Countdown to COP26 Festival of digital content and events, edie has this week launched its latest "Primer Report" which provides need-to-know insights into the key themes of this year's crucial climate talks. Up next: Nature-Based Solutions.
edie’s COP26 Primer Reports are about seizing the green opportunity. Produced in the run-up to the official talks, this mini-series of reports are based on the five key themes of COP26: Clean Energy, Clean Transport, Climate Resilience, Nature-Based Solutions, and Climate Finance.
This report, sponsored by the Woodland Trust, examines how crucial nature-based solutions (NbS) are, not just in responding to the climate crisis, but also in addressing the ecological breakdown that is exacerbating across the globe. The report examines how new markets can be set up for nature-based solutions and how policy, finance and business innovation can incorporate these solutions to improve planetary wellbeing and capture emissions.
From the enablers and accelerators of nature-based solutions, to the political challenges and consequences of failing to reverse ecological breakdown, this report acts as a timely state-of-play for global efforts to improve biodiversity and how it can contribute to global efforts to deliver the aims of the Paris Agreement.
The world is facing an $8.1trn financing gap into nature to help combat the climate crisis and ecological breakdown, according to a new UN report that warns that annual investments into NbS need to increase fourfold by 2050.
The Stat of Finance for Nature report from the UN Environment Programme highlights the massive financial gap facing Nature-based solutions, which can assist in combatting climate change if sufficiently supported.
The report found that current investment into NbS sits at $133bn – 0.10% of global GDP – the most of which comes from public sources. However, up to $4.1trn is required by 2030, which rises to $8.1trn 2050, a four-fold increase.
Up to $203bn annually is required for forest-based solutions, with peatland and mangrove restoration also highlighted as critical NbS requiring solutions. Marine environment solutions such as seagrass meadows were not covered by the report but will be included in future editions.
As such, this report, which features contributions from the Woodland Trust and WWF, acts as a timely state of play for global efforts to champion NbS as part of COP26 discussions.
So far, this report series has covered Clean Energy, Climate Finance, and Clean Transport and you can access all of the Primer reports here.