The report offers recommendations and lays out opportunities to increase investment in naturebased solutions. The report finds that approximately USD 133 billion/year currently flows into NbS (using 2020 as base year), with public funds making up 86 per cent and private finance 14 per cent. Of the public funds, which total USD 115 billion/year, over a third is invested by national governments into protection of biodiversity and landscapes. Nearly two-thirds is spent on forest restoration, peatland restoration, regenerative agriculture, water conservation and natural pollution control systems. Private sector finance of NbS amounts to USD 18 billion/year. This spans biodiversity offsets, sustainable supply chains, private equity impact investment and smaller amounts from philanthropic and private foundations. The total volume of finance flowing into nature is considerably smaller than the flow of climate finance.