To combat climate change and help nature to recover, a lot more investment is urgently needed. The UN’s State of Finance for Nature report claims that if the world is to meet climate, biodiversity and land degradation targets, it needs to invest an extra US$4.1 trillion (£3.2 trillion) by 2050.
With most of the existing funding coming from public sources (US$133 billion), calls to close the “investment gap” are now focusing heavily on private investments, commonly referred to as green finance. Such is the power of this narrative that the need to involve corporate investors has come to be seen by many as self-evidently true.
