Affiliation:
1. Environmental Economics and Natural Resources Group Wageningen University & Research Wageningen The Netherlands
2. Wageningen Economic Research Wageningen University & Research The Hague The Netherlands
3. PBL Netherlands Environmental Assessment Agency The Hague The Netherlands
Abstract
AbstractLand restoration and sustainable land management projects have now been proposed for up to a billion hectares globally, responding to continuous land degradation processes. But, a lack of reliable cost estimates hinders implementation, which results in a high perceived risk of restoration investments. This study addresses this gap, using cost data from 243 restoration projects from multiple sources to estimate the cost ranges for different types of restoration more precisely. The analysis shows median restoration costs vary from 185 $US/ha to 3012 $US/ha depending on the restoration measure, implying current global land restoration commitment cost 0.04%–0.27% of annual global GDP to implement. Since the majority of these commitments are made by developing countries, international cost‐sharing mechanisms, through climate or private finance, are required to move from goal setting to implementation.