“Half the world’s GDP depends on natural resources, but only about 1 percent of total climate financing goes to support investments such as protecting forests, rehabilitating ecosystems or reestablishing water resources in developing countries. What’s more, only 14 percent of funding for nature-based solutions is supplied by the private sector — with much of the money today coming from public sources, such as grants.
Experts say the private sector needs to start stepping up.
“I think the private sector hasn’t done enough to understand their own climate-related financial risks to their assets,” said Stacy Swann, CEO of Climate Finance Advisors, a consulting firm in Washington, D.C….”
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