The federal government has budgeted $2.3 billion to expand the protected areas system in Canada - of which BC's share would be between $200 to $400 million - including $55 million specifically allocated to prioritize protecting the most at-risk old-growth stands, contingent on a matching BC commitment.
That is, if BC provided matching funds of between $200 to $400 million, including $55 million of its own to help save the best old-growth stands, it would result in a total funding pot of between $400 to $800 million to expand protected areas in BC, with $110 million focused on protecting the best old-growth forests (still not enough mind you to protect all such stands, but the rest of the funds worth hundreds of millions of dollars can also be used to protect old-growth forests, along with other ecosystems). Additional funds from private sources and environmental groups, like the Nature-Based Solutions Foundation, could top it up by hundreds of millions. The total funding of $600 to $1 billion if targeted correctly would be a game-changer to protect much of the old-growth forests in BC and other vital ecosystems.
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