Over the next three decades, an effective and efficient transition to low-carbon economies is required to achieve the goals of the Paris Agreement and to avoid the worst impacts of climate change. To limit warming to 1.5°C or 2°C by 2100, it will be necessary to both half greenhouse gas (GHG) emissions each decade and to ramp up efforts to actively remove carbon from the atmosphere.
Nature-based solutions (NbS) – actions that protect and enhance carbon stored in natural ecosystems and reduce GHG emissions – are essential climate strategies, yet only receive a fraction of global finance.
This technical report is one in a series produced by Climate Focus and the Food and Land Use Coalition (FOLU). Since September 2021, Climate Focus and FOLU have been collaborating on a research project around financing strategies for terrestrial NbS at a country and global level. The ultimate objective of the project is to enable public and private decision-makers to prioritize and deploy activities and investments that will unlock the potential of NbS for climate mitigation, adaptation, resilience, biodiversity and beyond. Our current report series includes the publication of country-based assessments in the United States, Kenya & Colombia, as well as global analyses focused on the voluntary carbon market.
Related reports in this series include:
Unlocking nature-based solutions through carbon markets in Colombia
Unlocking nature-based solutions through carbon markets in Kenya
Unlocking nature-based solutions through carbon markets in the United States
Other related pieces include: Study seeks to guide investors to mitigation opportunities in forests and agriculture