In the build-up to the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity – an international biodiversity summit taking place in Kunming, China this year–two highly relevant publications have been released: The The Little Book of Investing in Nature, published by Global Canopy and the “Economics of Biodiversity: Dasgupta Review” commissioned by HM Treasury, Government of the United Kingdom.
The analysis and recommendations of these impressive publications provide clear detail of what we already knew broadly. Natural biodiversity is at grave risk and we are not accounting for this destruction in our global economic systems. Both publications set forth recommendations that seek to inspire urgent action to re-direct financial flows through changes in policy and in the direction of our economic systems. The conclusion is that we need a radically new approach that can deal with the challenge we have created for the planet and ourselves, rethinking our economic and financial systems to balance nature and prosperity is a key instrument to achieve this transformation. This is essential if we are going to safeguard the future of our planet’s biodiversity and our own.
The analysis and recommendations of both publications align with past experiences and recent conversations with over 60 financiers across the capital continuum at a workshop not long ago on “Transforming the Financial System for Investment in Sustainable Landscapes” organized with our partners in the 1000 Landscapes for 1 Billion People initiative (1000L).
There is no doubt that financial resources will be made available for post-covid recovery and the emerging concept of “building back better”. However, we do not yet have the systems in place to redirect large-scale finance for sustainable landscapes or to value nature-positive investments adequately. These challenges are the basis for EcoAgriculture’s and 1000L developing work to support the development and scaling of emerging integrated landscape finance models globally [Shames & Scherr 2020]. The current economic and political systems need to change if they are to effectively support investments needed for landscape regeneration.