Time is running out to implement concrete plans capable of slowing down a galloping biodiversity crisis. Government ministers and biodiversity experts are expected to begin negotiations in October on a “Paris accord for nature” to be agreed at the COP15 biodiversity summit in Kunming, China, in April next year.
The world has failed to meet a single goal agreed ten years ago to stem the tide of destruction of natural ecosystems. Broad goals are needed to improve nature protection – and there will likely be a call for rich countries and private investors to commit to funding these efforts.
While COP15 may be at a standstill – it has already been delayed twice by the Covid-19 pandemic – efforts to protect biodiversity cannot afford. The biodiversity crisis poses as great a risk to human life as climate change, but only has a fraction of the public profile and remains an economic externality.
According to Elizabeth Maruma Mrema, Executive Secretary of the United Nations Convention on Biological Diversity and Co-Chair of the Nature-Related Financial Disclosures (TNFD) Working Group, tackling nature-related risks is on the way to becoming an issue. new frontier for sustainable businesses and finance. , a new market-led initiative for companies to declare their activities on nature.
How to raise funds to protect the ecosystems we depend on, and improve the way we account for natural capital, is a daunting challenge for businesses, governments, asset managers and financial institutions.
A new research paper, written by Eco-Business in partnership with the Konrad Adenauer Stiftung (KAS) Regional Energy Security and Climate Change Asia-Pacific Project, serves as a platform to draw more attention to the crisis of biodiversity and solutions that could help contain it.
This is the first in a series of research articles on biodiversity. The remaining research notes, published in the coming months, will explore the value of biodiversity in Asian megacities and biodiversity and the ocean.