A historic deal to protect Biodiversity was agreed at The UN Biodiversity Conference, COP15, this Monday, 19 December 2022, in Montreal, Canada. The landmark agreement set the ambitious aim to ensure protection for 30 per cent of the planet’s lands, coastal areas and inland waters by the end of the decade.
“Reaching this agreement is only the beginning. It is now down to us, the financial community, to create products to channel finance towards Nature Positive actions”, commented Alexander Wiese, BwB Managing Director and Global Head of Biodiversity, Food and Agriculture.
According to the second edition of the State of Finance for Nature report launched by the UN Environment Programme, current investments into NBS account for 50% of the amount needed by 2025 and only 1/3 of investment needed by 2030, private finance representing only 17% of total investments.
You can read the full report via this link: https://www.unep.org/resources/report/state-finance-nature-2022