Economics of drought — Investing in Nature-based Solutions for Drought Resilience

Author : Richard Thomas (WREM), Jonathan Davies (Consultant), Caroline King (UNU-INWEH), Johannes Kruse (ELD/GIZ), Mark Schauer (ELD/GIZ), Nina Bisom (ELD/GIZ), Daniel Tsegai (UNCCD), Kaveh Madani (UNU-INWEH)
Publications :
Published Date : 08 Jan, 2025
 
Economics of drought — Investing in Nature-based Solutions for Drought Resilience
 

Abstract

With droughts expected to impact 75% of people by 2050 and annual costs exceeding $307 billion globally, investing in sustainable land and water management is crucial. This report highlights the economic and environmental benefits of nature-based solutions, such as reforestation, grazing management, and watershed conservation, to restore ecosystems, improve water cycles, and support human well-being.

 
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Year:
2024

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