Many people take part in celebrations and actions to scale up recycling, limit plastic consumption or plant trees. And for us in 2DII, this is also a great opportunity to raise awareness about the role finance can play to halt biodiversity loss. This was clearly stated in the historic Kunming-Montreal Framework signed last December at COP15 (article 1). Although discussed for years now, it almost came as a surprise to the international community, attesting to the growing interest in the face of mounting evidence of the imperative to act. This historic COP also hosted many calls from different stakeholders to align climate and biodiversity negotiations and solutions. We in 2DII felt this was a call for further action from our side.
The Paulson Institute calculated that total estimated biodiversity protection need is between $722 and $967 billion per year. Scaling up nature finance and plugging this financing gap will necessitate mobilization of both public and private finance institutions. 2DII is engaged deeply in the debate on how to foster best-suited solutions for the financial sector, while capitalizing on our strong knowledge of EU regulation (article 2). We also work to raise retail investor awareness of the potential actions they can take to have more impact on biodiversity with their savings (see article 3).
We are proud and eager to further work on this topic and issue some of our findings in the months and years to come.