How to fix it:
We need to close the funding gap—and spend at least $700 billion USD on nature every year—to reverse the decline in biodiversity by 2030. Fortunately, this number is only 1% of annual gross global product, or about what the world spends on soft drinks.
How we’re taking action right now:
Through our Nature Bonds program, we’re taking a holistic approach to leverage debt refinancing for effective, durable conservation and climate action. We work with governments to help them refinance debt and generate new funding to invest in conservation, and in climate mitigation and adaptation measures. Like in Barbados, where we worked with the government, partners from the financial and conservation sectors, and local communities to develop a set of commitments for durable conservation that is tailored to meet the country’s specific needs.
