As momentum towards net zero rises around the world, this PRI report provides much needed transparency on the importance of land use and the role of Negative Emissions Technologies (NETs) in the transition.

The report finds that NETs are the next investment frontier and offer trillion dollar upside opportunities for investors. Within NETs, forest-related Nature-Based Solutions (NBS) could generate US$800 billion in annual revenues by 2050, worth US$1.2 trillion today in NPV terms, surpassing the current market capitalisation of the oil & gas majors.

Hence, an entire new industry may emerge that values carbon stored in vegetation and soil, unlocking new business models and investment opportunities for avoided deforestation, reforestation and afforestation, and land restoration. Thanks to its low cost, natural forest restoration looks likely to emerge as the earliest feasible investment opportunity.