New landscape paper on natural capital and ecosystems servicesJune 06, 2019
Avoiding climate and environmental breakdown will require more than current efforts to scale up conservation finance. Changes in the financial systems are needed as well.
On 6 May 2019, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) warned that human activity is putting a million species at risk. In October 2020, the 15th Conference of the Parties (COP) to the Convention on Biological Diversity (CBD) will take place in Beijing.
- Central banks should add environmental risk to the macro-prudential framework
- A new task force should be created on corporate and financial disclosure of environmental risks
- Agree common methodology and implement natural capital accounting
- Companies should be required to first assess and then disclose their interactions with natural capital and ecosystem services
- Governments should use natural capital valuations in their policy making
- Governments should mandate and capitalise public banks and actively promote other forms of mission-oriented finance
- Recommendations to promote longer-term investing should be implemented at company, investor and supervisory levels
This report falls within MAVA’s action plan to support the green economy transition through the financial system.