GREENBIZ: 5 ways to unlock restoration finance
Trees are obviously good for the planet. What’s not so clear to most people — governments, NGOs, investors, the public — are their socioeconomic benefits. Trees are essential for the economy, our health and our wellbeing.
Research shows that every $1 invested in restoring degraded land generates an estimated $7–$30 in economic benefits, including improved food production, carbon sequestration and water quality. Yet each year, deforestation and land degradation costs the world $6.3 trillion in lost ecosystem services such as agricultural products, recreational opportunities and clean air — equivalent to 8.3 percent of global GDP in 2016.
Despite these clear costs and benefits, restoration receives only a tiny fraction of the funding it needs. That’s where governments come in.