8 December 2024

UNCCD

UNCCD Report: Invest in nature to cut billion-dollar costs of droughts. — 8 December 2024 (LINK)

— Droughts fueled by human destruction of the environment are projected to affect 3 in 4 people by 2050. Costs already exceed $ 307 billion per year globally.

— Drawing on a wealth of evidence and case studies from countries all around the world — like Chile, India, Jordan, Kenya, Spain, and Tunisia — the report makes the economic and business case for nature-based solutions (NbS) to drought. That is, for practices that restore ecosystem functions and soil health to enhance water flow, storage, and supply in support of human wellbeing — for example, reforestation, grazing management, and the restoration and conservation of watersheds.

— An economy that respects natural systems instead of undermining them could generate up to US$10.1 trillion annually in business value and create up to 395 million jobs by 2030. Tripling investment in Nature-based Solutions up to 2030 could generate 20 million additional jobs.