With USD 2.3 billion to spend, this is how public development banks can help biodiversity
Landscape News
August 19, 2021
Public development banks (PBDs) have a vital role to play in promoting greater investment in biodiversity and nature-based solutions in the countries where they lend, according to a new report on biodiversity finance produced ahead of the 15th Conference of Parties (COP15) of the U.N. Convention on Biodiversity (CBD).
Its findings and recommendations are based on research carried out by a team headed by Leon Bennun, chief scientist at The Biodiversity Consultancy and Renaud Lapeyre, an independent expert with World Wildlife Fund (WWF) for Nature France, and funded by the WWF.
The main aim, says Lapeyre, is to support and accompany these banks and their partners in transforming their models toward contributing to nature-positive finance and reducing investments that harm biodiversity.