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Carbon Brief·4 min read·medium

Analysis: 84% of nations miss deadline to identify ‘nature-harming’ subsidies by 2025

C
Carbon Brief Staff
Analysis: 84% of nations miss deadline to identify ‘nature-harming’ subsidies by 2025
✦AI Summary

A Carbon Brief analysis reveals that 84% of nations failed to meet a 2025 deadline to identify subsidies that harm biodiversity. The report highlights that trillions of dollars are spent globally on incentives that damage the environment.

Why it matters

Identifying and reforming these subsidies is a critical component of global efforts to halt biodiversity loss by 2030.

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Most countries failed to meet a 2025 target to identify all of their subsidies that could be “harmful” to biodiversity, according to Carbon Brief analysis.

The findings also reveal that 32 countries spend an estimated $270bn on biodiversity-harming subsidies and other incentives each year.

This is the “tip of the iceberg”, one expert notes, with “ trillions ” spent globally.

In 2022 , almost every country in the world agreed on a set of “goals” and “targets” aiming to halt and reverse biodiversity loss by 2030.

One of these targets asked countries to identify all subsidies that damage biodiversity by 2025, before phasing out or reforming at least $500bn of these incentives by 2030.

The subsidies can be found in a range of sectors, including fossil fuels, agriculture, forestry, mining and fishing.

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