Nature and biodiversity are in crisis, with around 1 million species estimated to be at risk of extinction.
The World Bank recently predicted that a collapse in the services that nature provides could lead to global economic losses of $2.7 trillion per year by 2030. The economies of poorer countries which rely heavily on nature and biodiversity are likely to pay the highest price.
Despite this, publicly owned development banks designed to alleviate poverty are spending taxpayer money on subsidising the destruction of nature at the detriment of people.
The gap between what is needed to tackle the biodiversity crisis and what is currently being spent to solve it is estimated to be a staggering US$ 598-824 billion per year for the next 9 years. Around half of this could be secured by shifting existing spending away from harmful practices and towards outcomes that benefit nature.