Assessing finance for nature-based solutions to climate change

This paper uses a global data set from the Organisation for Economic Co-operation and Development to assess the scale of funding for nature-based solutions to climate change aimed at developing countries. It also examines how effectively this funding is being put to use. International development finance including climate finance is undoubtedly a key enabler of investments in nature-based solutions (NbS) in developing countries. Many developing countries rely highly on external financial assistance to supplement domestic government revenues to invest in sustainable socio-economic development, and environmental conservation and protection. This is especially true for those classified among the least developed countries (LDCs) and small island developing states (SIDS). External finance will likely remain essential for implementing NbS in LDCs and SIDS.