27 Jan 2022
15:00–16:00

Venue: Online | Webex

Organization: Geneva Environment Network, UNEP Climate Finance Unit

This event will feature the findings of the new report State of Finance for Nature in the G20, which tracks global trends in public and private investment in nature-based solutions.

About this Session

Total investment in nature of USD 8.1 trillion is required between now and 2050 – while annual investment should reach USD 536 billion annually by 2050 – to successfully tackle the interlinked climate, biodiversity, and land degradation crises, according to the State of Finance for Nature report released in May 2021. G20 countries make up approximately 53 per cent of this total annual investment and have the capacity to meet this investment need as they carry out most of the global economic and financial activity with fiscal leeway.

A new analysis, ‘State of Finance for Nature in the G20’ by the UN Environment Programme (UNEP), the World Economic Forum (WEF) and the Economics of Land Degradation (ELD) Initiative hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with Vivid Economics attempts to capture the complete amount and future needs for G20 spending on land-related nature-based solutions assets and activities.

The State of Finance for Nature in the G20 builds on the global report ‘State of Finance for Nature – Tripling Investments in Nature-based Solutions by 2030’released in 2021, which calls for closing a USD 4.1 trillion financing gap in nature-based solutions. The report represents the need of a worldwide effort to catalyse private and public capital for nature-based solutions to meet targets set by the Rio Conventions and the Sustainable Development Goals to address the biodiversity, land degradation, and climate crises.

This session aims to present the findings of the State of Finance for Nature in the G20 while hosting a discussion about the importance of closing that 4.1 trillion gap and the recommendations in the report to make it possible.

Speakers

Justin ADAMS

Co-Head, Platform for Accelerating Nature-Based Solutions, World Economic Forum and Executive Director of the Tropical Forest Alliance

David COOPER

Deputy Director, Convention on Biological Diversity

Claudia HIEPE

Senior Officer on Environmental Policy, Federal Ministry for Economic Cooperation and Development (BMZ), Germany

Ivo MULDER

Climate Finance Unit Head, United Nations Environment Programme (UNEP)

Registration

The event will take place online. Kindly register directly on the Webex platform.

Video

In addition to the live WebEx and Facebook transmissions, the video will be available on this webpage.

Links