World Economic Forum
March 26, 2021
Nature-based solutions are key to advancing climate adaptation. These are approaches that work with nature, not against it — from restoring wetlands, which can protect against storms, to conserving forests that stabilize soil and slow water runoff. Mangrove forests, for example, save an estimated $80 billion per year in avoided losses from coastal flooding globally, and could help to protect up to 18 million people. Additionally, nature-based solutions can provide many co-benefits — for nature, economies, communities, culture and health.
But despite these extensive benefits, new research finds that as little as 1.5% of all public international climate finance has gone to support nature-based solutions for adaptation in developing countries. Just a handful of major bilateral donors and multilateral institutions have driven public funding for these approaches.