COP15 for biodiversity is taking place between 7-19 December with finance expected to be a headline issue. In the lead-up to the summit, Chatham House explores the macroeconomic risks from biodiversity loss and the imperative to mobilize finance for nature.
More than half of global GDP depends on nature, but biodiversity is declining faster than at any time in human history. Biodiversity loss could pose risks to the financial system through complex feedback loops, externalities and tipping points, including both transition and physical risks.
What risks to biodiversity loss and land degradation pose to financial and macroeconomic stability? And what can financial institutions as well as financial regulators and supervisors do to manage and mitigate nature-related financial risks?
At the same time as stakeholders are becoming aware of the financial risks associated biodiversity loss, the biodiversity finance gap is becoming one of the central issues in Montreal.
Financial flows from higher-income to lower-income countries are an issue to be resolved at COP15, with potential targets ranging from $10 billion to $100 billion a year until 2030. What role will finance play in enabling a successful Global Biodiversity Framework?
This event is part of the Waddesdon Club Webinar Series. The Waddesdon Club is a Chatham House initiative to encourage climate leadership in financial and economic policymaking.
Since 2016, it has proved a highly successful forum for convening senior policy makers and leading climate scientists with future leaders in finance ministries, central banks and other public sector economic and financial organizations from around the world.
The initiative is supported by Ikea Foundation, KR Foundation and the Rothschild Foundation.
