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<p>The UK is committed to taking ambitious, far-reaching action to tackle climate
change and meet our commitments under the Paris agreement. We have announced a series
of ambitious plans since committing to net zero emissions in law, including through
our target to reduce emissions by at least 68% by 2030 compared to 1990 levels - the
highest reduction target made by a major economy to date. Ahead of COP26, we will
set out plans across key sectors of the economy through our Net Zero Strategy, to
meet our carbon budgets and net zero commitment, and nature-based solutions will be
a part of these plans.</p><p>We are exploring a range of potential Nature-Based Solutions
(NbS) including; restoring degraded peatlands; appropriately establishing multi-purpose
woodlands and protecting them; and restoring or recreating wetland and coastal habitats.
We have already published our England Peat and Trees Action Plans this May which provide
an ambitious framework to improve the management of peatlands, and our planting and
management of woodlands and trees. This is underpinned by our £640 million Nature
for Climate Fund over the course of this Parliament which will support a trebling
of tree planting across England by the end of this Parliament and help to restore
35,000ha of peatland over the next 5 years.</p><p>We are also exploring options for
incentivising private investment to further develop the nascent market in NbS. This
includes enabling this market to scale up by developing robust, long term policy and
regulatory frameworks to facilitate high quality investment.</p><p>By making nature,
including NbS to climate change, a key focus of COP26, we hope to demonstrate that
NbS can deliver multiple benefits for climate, biodiversity, and people, and can therefore
play a critical role in tackling these interrelated crises in an integrated way.</p>
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