Finance for Nature Positive: Mobilisation and monitoring of financial flows
Finance for Nature Positive: Mobilisation and monitoring of financial flows
Co-hosted by the Finance for Biodiversity Foundation, UNEP FI
Date and time – Friday 25h October, 17:00 – 18:00
Venue – Finance and Biodiversity Pavilion, Blue Zone – Cali, Colombia
Topics – Policy / Positive Impact
Format of event – Presentation / Panel
GBF targets – Goal D; Target 3; Target 7; Target 14; Target 15; Target 19; Target 21; Target 22
Summary
The event on “Finance for Nature Positive” is meant to solicit feedback on the FfB Foundation & UNEP FI’s discussion paper providing guidance on how financial institutions can contribute to implementing the Global Biodiversity Framework. The panel will gather key stakeholders to exchange views on nature strategies to reduce the drivers of biodiversity loss and identify opportunities to conserve and restore biodiversity.
Description
This event will gather feedback from diverse stakeholders about the discussion paper “Nature Positive Finance: building a working model” developed by the Finance for Biodiversity Foundation and UNEP Finance Initiative (UNEP FI), with the support of the Netherlands Enterprise Agency (RVO). It will contribute to CBD discussions on tracking private funding for GBF implementation (i.e., Indicator D3) by better understanding how finance can generate Nature Positive outcomes. The event will also aim to highlight opportunities for funding economic activities supporting the conservation, restoration, and sustainable use of biodiversity.
The international community has called on the private financial sector to play its part in halting and reversing biodiversity loss by 2030, by including the need to gather financial resources from “all sources” towards the goals and targets of the Biodiversity Plan. Building consensus on the proposed definition of “Nature Positive Finance” is necessary to scale nature finance effectively, while limiting risks of greenwashing. The goal is to create a lighthouse of ambition for the financial sector and to shed light on immediate and applicable actions.
Programme & Speakers
Moderator
Jessica Smith, UNEP FI
Presentation of the Finance for Nature Positive working model
by Natacha Boric, Finance for Biodiversity Foundation
Panel on the monitoring and mobilisation of financial flows
Gavin Edwards, Nature Positive Initiative
Leo Murphy, Climate AM
Concluding remarks
by Caroline van Leenders, RVO Netherlands
Q&A
session with the audience
OBJECTIVES
- The event to be organised at COP16 is meant as a key milestone towards building a comprehensive framework on “Finance for Nature Positive”.
- A workshop among key stakeholders will build consensus on current market needs, in terms of research development, measurement methodologies, and policy frameworks.
AUDIENCE
The “Nature Positive Finance” workshop is meant in priority for financial institutions seeking to develop and implement nature strategies aimed at achieving positive outcomes and contributions in alignment with the Biodiversity Plan. It can be interesting for public or private project holders engaged in nature-related activities looking to establish relationships with the private finance sector, notably IPLCs. It can also provide insights for CBD Parties are welcome negotiating the resource mobilisation strategy and the monitoring framework of the GBF, as well as look for ways to mobilise private finance in their NBSAPs.