Making Taxonomies Work in the G20 to Achieve the Biodiversity Plan

Sustainable Finance Taxonomies and Disclosure play a crucial role in mobilising finance for biodiversity and ecosystem protection and restoration in G20 countries. As the global community prepares for COP16 in Colombia, we co-hosted a webinar on 3rd September to identify the main barriers to making sustainable finance taxonomies work in G20 countries. We focused on integrating biodiversity and social aspects to achieve the Biodiversity Plan.

The event both facilitated an exchange of the lessons learned and provided concrete recommendations for the inclusion of biodiversity and social aspects to achieve the Biodiversity Plan.

Our Speakers:

• Christina Reis – Undersecretary of Sustainable Economic Development Ministry of Finance (Brazil)

• Santiago Lorenzo – Head of Unit Climate Change Economics UN ECLAC

• José Luis Ruiz – Univesidad del Pacífico Lima (Peru)

• Yin Xinyuan – Researcher at the Institute of Finance and Sustainability (China)

Additionally, there was an opening statement by Ms. Mathilde de Williencourt – Deputy Head of Department – Expertise France, followed by a keynote by  Dr. Sofia Carra from Climate & Company and Dr. Franziska Schütze from DIW on the Global Biodiversity Framework and its Connection to Sustainable Finance Taxonomies.   

This session was held in an online format via Zoom. We provided simultaneous online interpretation in Portuguese language. The event was recorded and you can find it below.

The event was organised by Climate & Company with the support of the Post 2020 Biodiversity Framework – EU Support project funded by the European Union and implemented by Expertise France, and in collaboration with DIW Berlin – German Institute for Economic Research. This webinar took place within the Initiative “Enhancing Sustainable Finance Instruments Within Brazil’s G20 Presidency”.

We would like to thank both the speakers and attendees for their participation.  

Further Information:

The Kunming-Montreal Global Biodiversity Framework (GBF) also known as the Biodiversity Plan, represents the strongest commitment of nations in the history of the UN to protect and restore nature. Adopted by the parties to the UN Convention on Biodiversity (CBD) in December 2022, its successful implementation hinges on ambitious national policy frameworks and initiatives. The G20 will need to exercise leadership in this regard: its member countries do not only wield significant economic and political power; they are also host to a significant share of global biodiversity, while their economies have (1) a significant impact on biodiversity, are (2) exposed to significant nature-related risks and have (3) the economic potential to bend the curve toward a nature-positive world economy. 

It is against this backdrop that the project “Enhancing Sustainable Finance Instruments Within Brazil’s G20 Presidency” has put the role of sustainable finance high on the agenda of Brazil’s G20 Presidency. Nature-related disclosure (GBF-Target 15) and related policy instruments, such as sustainable finance taxonomies, have played a central role in this project, due to their outstanding importance in mobilising finance to achieve the Biodiversity Plan.

Watch the recording below