The second edition of the State of Finance for Nature report launched today reveals that nature-based solutions are still significantly under-financed. If the world wants to halt biodiversity loss, limit climate change to below 1.5C and achieve land degradation neutrality by 2030, current finance flows to NbS must urgently double by 2025 and triple by 2030. Delayed action is not an option in the face of the devastating effects of climate change, the extinction crisis, and severe land degradation globally. The first edition of the report indicated that annual investments in nature-based solutions will have to triple by 2030 and increase four-fold by 2050 from the current investments into nature-based solutions of USD 133 billion (using 2020 as the base year).