UN Environmental Programme estimates spending on nature needs to increase to $542bn
As the United Nations two-week COP16 biodiversity summit kicks off on Monday in Cali, Colombia, here is what you need to know about nature’s rapid decline — and its importance to the global economy.Plants and animals play significant parts in keeping nature humming, from cycling nutrients throughout an ecosystem to aerating soils and engineering rivers.
While the rate of deforestation has declined in Brazil’s Amazon, it has gone up in Bolivia, Indonesia and the Democratic Republic of Congo, the analysis shows. Roughly 38pc of fish stocks are being overfished, compared with about 10% in the mid-1970s, according to the FAO. Governments pay at least $635bn annually in subsidies for agriculture that are harmful to the environment, and likely several trillion dollars more in indirect subsidies, according to the World Bank.
Between January 2023 and June 2024, banks offered a total of about $77bn in credit to these firms, according to the Forest & Finance Coalition of research and advocacy groups.Whether it is insects pollinating crops, plants filtering fresh water supplies, or forests providing timber for construction, nature and its critters deliver a wealth of materials and services to the global economy for free.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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