Nature Finance and Biodiversity Credits: A Private Sector Roadmap to Finance and Act on Nature
In October 2024, the World Economic Forum collaborated with McKinsey & Company to produce a roadmap for the private sector to finance and act on nature. It argues that since the adoption of the Global Biodiversity Framework in 2022, opportunities for the private sector to engage with nature have grown rapidly. However, despite private financing rising to over $102 billion in 2023, a $700 billion annual gap remains to adequately fund nature.