As carbon markets expand and ‘greener’ finance regulations emerge, experts at the ‘Sustainable Finance for Nature-Based Solutions: How to Seize the Full Potential of Carbon Markets and Taxonomy Regulations’ digital forum charted pathways for channeling money to address the climate and biodiversity crises.
BONN, Germany – Can recent breakthroughs in sustainable finance, policy, and the development of carbon markets, save our planet’s remaining forests – upon which our existence depends?
On 30 March 2022, at the digital forum ‘Sustainable Finance for Nature-Based Solutions: How to Seize the Full Potential of Carbon Markets and Taxonomy Regulations’, leading experts discussed ways to scale up investment in nature-based solutions – which make the most of the latest developments in sustainable finance.
“There is still a long way to go, and efforts need to be strengthened,” said Carole Dieschbourg, Luxembourg’s minister for the environment, climate and sustainable development, and one of the speakers at the forum. “We must acknowledge that most of the fund flows for nature-based solutions to climate change have been driven by a climate adaptation approach. Other key topics, such as biodiversity conservation and land degradation neutrality, deserve a higher level of attention.”
Sandie Kouame, Manager Sustainability Advisor at Ernst & Young, pointed out that for a country like Côte d’Ivoire, where agriculture plays an essential role in the economy, it is imperative to “promote the development of nature-based solutions and initiatives like the European sustainable finance taxonomy.” And added that it is necessary “to improve capacity, cooperation and finance to share best practice lessons learned and apply them where it’s most needed.”
Watch the forum here (English or French), or read the event wrap-up, and discover why carbon markets and sustainable finance taxonomy are two rapidly growing market mechanisms that promise a surge in climate finance and a simultaneous decline in greenhouse gas emissions.
The forum was organized by the Global Landscapes Forum (GLF) and the Government of the Grand Duchy of Luxembourg as part of the Luxembourg-GLF Finance for Nature platform, which seeks to scale up sustainable investments for nature-based solutions.
