Politico — Op Ed

September 21, 2022
Hansjörg Wyss is a Swiss businessman and philanthropist, and the co-owner of Chelsea FC.

Solving the crisis facing nature is daunting. Over the next few months, we will see whether governments are truly up to the task.

I, for one, am optimistic that we will meet the challenge, but leaders must actually commit to accelerating the pace of conservation this year and invest significant and meaningful public resources. Promises alone can’t save nature — it’s time for governments to take action.

Inspired by the wonders of nature — and motivated by the fear of losing the wild places I love — I’ve pledged a significant portion of my fortune to protect at least 30 percent of the world’s land and oceans by 2030.

This commitment is a promise to future generations that I’m going to do everything I can to leave them a world that’s as alive and glorious as the one I was born into.

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UN Environmental Programme

September 7, 2022
The extent to which our global economy and financial system can flourish is fundamentally underpinned by the state of nature. However, our natural world continues to be rapidly and dangerously eroded. WWF and 90 civil society partners have urged central banks and financial supervisors to manage climate and biodiversity related financial risks as part of their primary mandates. Their call for action emphasizes how losses to nature and biodiversity pose material risks to the financial systemand includes demands for consistent, market-wide risk identification and disclosure and also for promoting the enabling environment for new financial opportunities. Jessica Smith from UNEP FI and Thomas Viegas from the Bank of England (Manager, Market Intelligence and Analysis) explain why they welcome this development and why nature has reached a tipping point where it’s no longer about ‘if’ we act to mitigate nature-risk but ‘how’ and ‘where’.

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Fast Company

August 8, 2022
Navigating the investment landscape is increasingly complex. Supply chain issues, soaring inflation, rising energy prices, spiraling cost of raw materials—the list goes on.

Increasingly, “alarming” levels of global biodiversity loss—or, in investment-speak, the permanent destruction of natural capital—must also be taken into account. In fact, the situation has reached a crisis point where investors are now recognizing the direct line of risk between their portfolios and the natural resources they depend on.

All is not lost. As investors finally start to quantify the risk of global biodiversity loss in terms of dollars, it could spark the level of change that has been so urgently needed for so long. Indeed, investment is now being billed as a key area of debate at the upcoming UN COP-15 summit on biodiversity.

Alongside the significant economic opportunity there is of course also a climate imperative on financial companies to halt the ecological destruction of the Earth. Thankfully, these companies are starting to take notice and establish roots in the movement to reverse biodiversity loss.

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Campaign For Nature

July 21, 2022
At the Africa Nature Finance Forum, held yesterday on the sidelines of the inaugural African Protected Areas Congress (APAC) 2022, government leaders and experts from across Africa called for an urgent increase in financing to protect the world’s biodiversity.

“By 2100, we may lose half of our bird and animal species, 20-30% of the productivity of African lakes and significant numbers of our plant species,” said Hon. Lee White, Minister of Water, Forests, the Sea, and Environment, Gabon. “In this context, without strong action, we will create instability and security issues all over the African continent. One of the key elements is the mobilization of predictable and sustainable resources. This is why we need to think about innovative and sustainable finance for nature.” 

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Reuters

July 13, 2022
You might have thought that when the pandemic brought tourism to a sudden halt, it would have been good for nature. Some areas overrun by tourists fell quiet, and animals roamed more widely, while trampled flora began to recover. But the impact on species and ecosystems wasn’t all positive.

“What we saw very clearly, when tourism had evaporated, was that people really started to wake up to how important the sector was,” suggests Anna Spenceley, an independent researcher and chair of a specialist working group on protected areas for the International Union for Conservation of Nature (IUCN).

“Conservationists realised: hang on … communities are no longer getting any benefit from (tourism). And now they're going to start hunting whatever we have tried to protect in our conservation area, because they've got no money coming in,” says Spenceley.

Coming out of the pandemic, conservation groups, governments and some tour operators are trying to promote a more sustainable approach to tourism, reframing relationships with nature to encourage biodiversity rather than degrade it.

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Business Green

June 1, 2022
The UK government is set to pledge £330m to help developing countries tackle environmental breakdown, conserve nature and deliver on the Sustainable Development Goals (SDG) on the first day of a major UN environmental summit kicking off tomorrow in Stockholm.

The Stockholm+50 conference has been organised to mark 50 years since the historic United Nations Conference on the Human Environment in 1972, and is expected to see rafts of global politicians, CEOs and civil society leaders in attendance, alongside the launch of a number of fresh environmental commitments.

The £330m set to be officially announced by the UK government tomorrow is earmarked for the Global Environment Facility (GEF), the UN mechanism financing designed to help developing countries meet global nature commitments, in a move aimed at driving finance towards a "nature positive future".

International Environment Minister Lord Zac Goldsmith said scaling finance for nature protection was an economic imperative that would require governments and private actors to pool resources.

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UK.Gov

June 1, 2022
Action to drive the recovery of the global economy and bolster food security worldwide by protecting and restoring nature will be set out today by government ministers, CEOs and civil society leaders at a major multinational summit being held today (Wednesday 1 June).

‘Financing the Transition to a Nature Positive Future’ will be held in association with Stockholm +50, a major environmental meeting led by the United Nations between 2-3 June. The event is being convened by the UK Government and supported by the Leaders’ Pledge for Nature (LPN).

Over half of GDP - $44 trillion - relies on the services that nature provides or natural capital - from the bees that pollinate the plants we eat, to the trees that purify our air and the forests and oceans that absorb carbon emissions. However, we are spending our natural capital much faster than it is being replenished.

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Reuters

May 17, 2022
We need tree-planting, we need renewables, and we need fossil-free fuels. But in our efforts to tackle the climate emergency, are we forgetting the soil beneath our feet?

Many organisations are warning that the overlapping crises of climate, biodiversity and land degradation must be tackled together – not sequentially – if planet Earth is to continue to support us.

The Global Land Outlook report published last month by the UN Convention to Combat Desertification (UNCCD), describes land as the “operative link between biodiversity loss and climate change”.

Underlining that, parties to the Convention meeting in Cote d’Ivoire from May 9-20 for the first of the year’s three big UN summits, heard French President Emmanuel Macron in a video message call for all public policies to incorporate the three interlinked conventions on biodiversity, climate change, and desertification, that grew out of the 1992 Earth Summit in Rio de Janeiro.

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Yale Environment 360

April 12, 2022
The Biden administration has launched a $1 billion program to advance its goal of conserving 30 percent of the nation’s lands and waters by 2030.

The program, called the America the Beautiful Challenge, will serve as a “one-stop shop” for states, tribes, territories, non-governmental organizations, and others to apply for numerous grants for conservation and restoration projects, the administration said. It is backed by an initial $440 million in federal funds over five years — the bulk of which comes from the bipartisan infrastructure law that Congress passed last year — and aims to draw private and philanthropic contributions to reach the $1 billion mark.

Early in his tenure, President Joe Biden set a national goal of protecting 30% of America’s lands and waters by 2030 in order to combat climate change and biodiversity loss. And last May, the administration published a report outlining its vision for a 10-year “locally led” effort to conserve and restore lands and waters, slash planet-warming greenhouse gas emissions and address inequalities in who has access to nature and the outdoors.

The new program “will help mobilize new investments in locally led, voluntary conservation and restoration projects across the country, while making it easier for communities to access these resources,” Brenda Mallory, chair of the White House Council on Environmental Quality, said in a statement.

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Mail & Guardian

April 4, 2022
Can humanity curb spending that harms the world’s biodiversity and instead focus funding on protecting it? That question is at the heart of negotiations in Geneva, which will set the stage for a crucial United Nations COP15 biodiversity summit in China later this year. 

Almost 200 countries are to adopt a global framework to safeguard nature by mid-century from the destruction wrought by humanity, with a key milestone of 30% protected by 2030.

These ambitions will only be met with a new approach to biodiversity funding and a rethink of the huge sums spent on subsidies harmful to nature such as fossil fuels, agriculture and fishing, according to observers. This can often result in environmental destruction and encourage unsustainable levels of production and consumption.

The exact figure that the world spends on these harmful subsidies is debated, although the group Business for Nature estimates that it could be as much as $1.8-trillion every year, or 2% of global GDP. 

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Campaign for Nature

March 1, 2022

Leading environment groups have agreed that the US, the countries of the European Union, the UK, Japan, Canada and other wealthy countries should support a target of at least $60 billion annually of international finance for biodiversity in developing countries. To stop biodiversity loss and achieve a nature-positive economy, this financing effort must be part of a broader and holistic package to close the biodiversity finance gap, including increased domestic and private finance for biodiversity and the elimination of  public and private investments that are harmful to biodiversity.

The recommended $60 billion figure was released in advance of a major round of United Nations biodiversity negotiations set to take place in Geneva, Switzerland this month—an important moment on the road to the final biodiversity summit in Kunming, China later this year.

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IFLR

February 21, 2022
While climate change concerns have so far dominated ESG thinking, awareness of nature risk is catching up fast and already being integrated into sustainability frameworks, according to sources. 

The biodiversity-related principal adverse indicators in the Sustainable Finance Disclosure Regulation, the planned update to the EU Taxonomy to incorporate biodiversity risk, the Network for Greening the Financial System's own biodiversity study group, along with the meteoric rise of the Taskforce on Nature-related Financial Disclosures (TNFD), represent well the momentum building behind regulatory attempts to transform nature risk awareness into concrete impact in financial markets. 

The World Economic Forum estimates that more than half of the world’s economic output ($44 trillion) is at least moderately or highly dependent on nature, meaning that if natural systems collapse, so will the world’s economic and financial systems. 

Due to the sheer scale of the risk – together with scientific studies that show the world has already entered the sixth mass extinction phase – sources say that considerations around nature or biodiversity risk, which have traditionally been excluded from financial decision making, can no longer be relegated to the margins. 

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Diálogo China

January 25, 2022
During the first part of the COP15 Biodiversity Conference, held virtually in October 2021, Chinese president Xi Jinping launched a 1.5 billion yuan (US$233 million) fund for the protection of fauna and flora in developing countries.

With the second part of the convention due to take place in April this year, there are high expectations that the Kunming Fund, named after COP15’s host city in Yunnan province, southern China, could be a new source of green finance for Latin America, a region that is home to 40% of the world’s biodiversity.

The China Biodiversity Conservation and Green Development Foundation (CBCGDF) was the first organisation to announce a donation to the fund. Other NGOs have followed suit. Maggie Ma, a spokesperson for the foundation, told Diálogo Chino that they are still waiting for information from the Chinese government on how to conclude their transfer of 1 million yuan ($158,000) but that they believe funds can be leveraged for the more sustainable use of tropical forests.

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OMFIF

January 18, 2022

Looking ahead in 2022, we can be sure that the sustainability themes of last year will continue to gain prominence in the discussions surrounding the role of the finance sector. Yet after a year of pledges, 2022 must be a year of action.

In particular, there are growing expectations for financial institutions to assess and improve their impact on systemic issues such as climate change and social justice, with regulators watching closely to ensure they are walking the walk. The sector is expected to consider how capital allocation impacts the transition, whether providing funding to new climate solutions or withdrawing capital from harmful activities.

Furthermore, pressure is mounting on investors to responsibly steward the assets they invest in. This means not just factoring environmental, social and governance issues into investment decisions, but engaging with investees to support and drive them towards a more sustainable footing. Advocacy with policy-makers is also key in shaping a system that operates more effectively in the interests of end-investors, society and the environment.

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Reuters

January 11, 2021
A global fund launched on Tuesday aims to boost climate financing to indigenous communities to help them secure land rights and preserve forested areas from the Congo Basin to the Andes, the initiative's backers said.

Governments, philanthropists and companies are expected to contribute to the Community Land Rights and Conservation Finance Initiative (CLARIFI), which will distribute funding among groups working to conserve forests and other ecosystems on the ground.

Over the last decade, less than 1% of international climate finance has gone to indigenous and local communities to manage forests that absorb planet-heating carbon emissions and are rich in biodiversity, but the new fund hopes to change that.

"For too long indigenous peoples and local communities have received shockingly little climate funding," said Stanley Kimaren ole Riamit, founder-director of Kenyan group Indigenous Livelihoods Enhancement Partners and a CLARIFI steering committee member. The fund will act as the "missing link" between donors that want to curb climate change and conserve biodiversity, and forest groups with the skills to do that, said Solange Bandiaky-Badji, coordinator of the Rights and Resources Initiative (RRI), an NGO which is leading CLARIFI with the Campaign for Nature group.

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