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UN issues report on how finance influences climate, land, biodiversity

By Ron Dungan
Published: Tuesday, December 12, 2023 - 9:08am

A view of the United Nations flag
Rick Bajornas/UN Photo
A view of the United Nations flag at left and the “Peace Monument” sculpture at right of the Secretariat building at UN Headquarters.

The United Nations Environmental Program has released a report examining investments, subsidies and other financial transactions that can affect nature.

The numbers point to a hotter planet, more pollution and degraded forests.

The report says that public and private investment in activities that negatively impact the environment, such as fossil fuel subsidies, runs at about $7 trillion globally per year.

Investment in what the report calls nature-based solutions was about about 200 billion.

It said that unless something is done, a number of problems that affect Arizona and the western United States, such as drought and wildfire, will only get worse.