Investment & Pensions Europe (December 23)
“After seeming to hit a wall last week, negotiations” at COP15 ultimately “yielded an agreement on biodiversity – in a move that some hope will make it easier for the finance sector to address nature-related risks to their portfolios.” Similar to the breakthrough Paris Agreement, the Kunming-Montreal Global Biodiversity Framework “lays down a plan for dealing with the ecological crisis over coming years,” codifying a “commitment to ‘take action’ to conserve 30% of land, sea and freshwater sources by the end of the decade – known as the ‘30×30’ pledge.”
Tags: Biodiversity, Breakthrough, Commitment, COP15, Ecological crisis, Finance, Freshwater, Kunming-Montreal Global Biodiversity Framework, Land, Nature, Negotiations, Paris Agreement, Portfolios, Risks, Sea, Take action
