KUALA LUMPUR — A new international fund backed by wealthy nations aims to invest at least $500 million in protecting nature in developing countries and giving indigenous people a bigger role in conserving their environment and tackling climate change.
“Nature-based solutions help reduce emissions, support communities adapting to a changing climate and protect biodiversity,” Matilda Ernkrans, Sweden’s international development minister, said in a statement. The new NPC program expects to invest in efforts to expand approaches like carbon storage, mangrove restoration,
“Many of these shocks that you see globally to food systems have an impact on countries’ economies but particularly on economies of the farmers and livelihoods of people,” he told the Thomson Reuters Foundation. Earlier this year, international green groups called on the world’s richest nations to provide at least $60 billion a year to protect and restore biodiversity in developing countries.
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