We have committed to financing EUR 500 million in Nature-based Solutions by the end of 2030 (with 2020 as base year). We plan to increase our investments in sustainable forestry, and nature restoration projects and regenerative organic agriculture, supporting biodiversity and local communities and store carbon from the atmosphere.
In the UK, we have already helped catalyse the creation of and investment in new business models to support the restoration and conservation of nature. Whether it is peatland, wetlands, grasslands or forests, there is a lot of potential to support the health of ecosystems in our living environment that each project can deliver whilst sequestering atmospheric emissions.
We are working on setting up a dedicated blended finance fund to finance sustainable forestry, nature conservation and restoration and smallholder agroforestry in Africa and Latin America.