COP16 leaves financing gaps and Global Biodiversity Framework ‘in jeopardy’
Outcome of biodiversity conference highly criticised by investors and NGOs
COP16
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COP16: A glass half-empty, or half-full?
Funding was certainly the main challenge, with only $163m pledged during the conference, writes Square Mile’s Guilherme Pampolin
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Britain ‘back on the global stage’ as it sets 30by30 conservation targets
Aims to ensure that at least 30% of the Earth’s land and ocean is being effectively conserved and managed by 2030
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COP16: Countries form ‘peace with nature’ coalition to reverse biodiversity loss
Committed to principles that will actively work towards conserving and restoring biodiversity
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Fears COP16 won’t go far enough as pledges so far amount to millions not billions
NGOs say the way money is flowing is ‘very, very slow’
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From COP16 in Colombia to COP29 in Azerbaijan: Bridging nature and climate in 2024
The next few months will be critical for sustainability watchers and ESG investors, writes Downing’s Roger Lewis
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$2.5trn investor coalition call on governments to take ‘bold action’ on biodiversity at COP16
Some 27 pension funds and asset owners are urging governments to set ambitious national targets to prevent biodiversity loss
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COP16: Private investments into nature need to quadruple by 2050 to meet funding gap
LOIM nature duo discuss the conversations that need to be held at COP16 to close the nature finance gap
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WWF calls for urgent action to protect nature ahead of COP29
And offers clear ways forward for investors to protect and restore nature
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Over 440 companies reporting on TNFD as it passes first anniversary
The next cohort of TNFD adopters will be announced at COP16 in Cali, Colombia in October 2024
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Investors call on governments to help free up private financial flows for a net-zero economy
Some 534 financial institutions with $29trn in AUM have already signed the statement
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Investors urged to strengthen investment policies around protected biodiverse areas
ShareAction report says asset managers have ‘significant room for improvement’ in protecting against biodiversity risk