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May 22, 2024

Biodiversity in the Spotlight on the UN International Day for Biological Diversity

Author

Samia Baadj, Head of Nature Finance Stream

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May 22nd marks the United Nations’ International Day for Biological Diversity. This event represents an opportunity to highlight the importance of integrating biodiversity in decision-making and resource allocation in order to reach a world where society and nature go hand in hand.

As we navigate the complexities of the 21st century, biodiversity—the variety of life on Earth in all its forms—stands as a foundational pillar for the health of our planet and humankind. Biodiversity is essential not only for the ecosystems that provide us with clean air, water, and food but also for the stability and resilience of our global economy.

In recent years, the link between economy, finance and biodiversity has become increasingly evident. Financial institutions and investors are beginning to recognize that loss of biodiversity may impact their investment and that their decisions can have profound impacts on nature. The integration of biodiversity considerations into financial strategies becomes not just a moral imperative but also a necessity for mitigating risks and seizing opportunities.

Given the complexity and urgency of halting and reversing loss of biodiversity, 2DII is mobilizing its resources towards developing research and solutions aiming at enhancing finance for nature. 2DII seeks to serve as an incubator for innovative ideas, providing research, analysis, and recommendations that drive the integration of biodiversity into financial practices. By bridging the gap between ecological science and financial decision-making, we aim to help shape a future where economic activities are harmonized with the natural world, ensuring the preservation of biodiversity for generations to come.

In this edition, we start by exploring the importance of the upcoming Biodiversity Conference of the Parties (COP16); we continue by detailing the work led by 2DII’s Nature-Finance Stream; we provide a special highlight to two European projects: Go Nature Positive and Bionext. Finally, we remind main key dates for 2024, including upcoming European Elections.

Author

Samia Baadj, Head of Nature Finance Stream

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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.