UN projects $355 billion annual funding gap for land restoration by 2030

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The UN projects that meeting global land restoration commitments by 2030 will require $355 billion annually. Current investments total about $77 billion, leaving a yearly gap of $278 billion. The announcement comes as private financing accounts for only 6% of global restoration funds.
Key Facts
- The UN estimates $355 billion is needed annually to meet global land restoration commitments by 2030.
- Current total investments are about $77 billion, leaving an annual gap of $278 billion.
- Private financing accounts for only 6% of global land restoration funds.
- A new pasturelands initiative includes 45 projects worth $1.2 billion.
- Governments, development banks, foundations, and companies announced a $1.3 billion financing portfolio for projects in 23 countries across five continents.
Funding Gap
The UN reports that $355 billion is required annually to fulfill global land restoration commitments by 2030. Current total investments stand at approximately $77 billion, creating a yearly shortfall of $278 billion. Private financing contributes only 6% of the funds directed toward global land restoration.
Pasturelands Initiative
A pasturelands initiative has been launched, comprising 45 projects valued at $1.2 billion. This is the largest resource mobilization effort for pastureland support in the history of the Convention to Combat Desertification. Governments, development banks, foundations, and companies announced a $1.3 billion financing portfolio for projects in 23 countries across five continents. Of this amount, $644.5 million is new financing.
Global Commitments
More than 70 countries now have national drought management plans, according to the UN. However, the scale of financing and practical actions is not commensurate with the problem. Up to 40% of land is degraded, yet countries have pledged to restore more than 1 billion hectares by 2030.