Meeting of the Parliament 20 September 2023
No—I am going to make progress.
It also means investing more money. To prevent climate disaster, we are all in agreement that the infrastructure investment that we need will come not just from the public sector but from the private sector.
All parts of society have a role to play, and that is true for nature restoration. Yes, we need public investment—and this Government is delivering that—but we also need the private sector to take responsibility.
The finance gap, as the global biodiversity framework calls it, is an estimate of how much more investment is needed to protect and restore our natural environment. Globally, the United Nations Environment Programme has estimated that, by 2050, the gap could be as high as US$4 trillion. In Scotland, the only substantive estimate to date has come from the Green Finance Institute in 2021. Is either of those figures exact? No—they are estimates that are based on a wide range of assumptions.