UN: the world needs 2 2.6 trillion to fight land degradation
Kyiv • UNN
Відновлення 2.6 trillion should be invested by the end of the decade to restore degraded land and combat desertification. The private sector currently provides only 6% of the necessary funding.
To restore degraded land and combat the expansion of deserts in the world, it will be necessary to invest at least 2 2.6 trillion by the end of the decade. This is reported by the Executive Secretary of the UN Convention to combat desertification (UNCCD) Ibrahim Tov, reports UNN.
Details
Climate change, frequent droughts and growing food needs amid global population growth pose serious risks to the stability of societies.
Most of the roughly необхідних 1 billion a day needed should come from the private sector, Tiava said. Currently, this sector provides only 6% of the necessary funds, while the main burden of financing lies with public resources. LLC noted that the private sector, being the main driver of land degradation through food production, should be more actively involved in their restoration.
This global challenge requires immediate action and financial involvement from both governments and private companies.
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