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Nature-based solutions (NbS) can play a critical role in supporting communities with mitigating and adapting to the impacts of long-term climate challenges like increasing temperatures, sea level rise, desertification, and biodiversity loss. However, there are significant gaps in financing for NbS. For biodiversity conservation alone, there is a gap of around $830 billion between current financial resources, estimated at $166 billion per year, and the required funding to stop biodiversity loss by 2030. To bridge this gap, various public, private, and blended finance instruments are being developed and implemented, providing alternative and innovative financing solutions.