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This week, leaders of 450 public development banks representing 10% of total global investment will gather to discuss the role public finance can play in driving sustainable development that benefits people and the planet.
The Finance in Common Summit will underscore the role nature-positive public finance can play in establishing a healthy environment, critical to achieving the UN Sustainable Development Goals, Paris Climate Agreement targets and the new, ambitious framework under the Convention on Biological Diversity. Central to this framework is a target to protect at least 30% of the world’s land and ocean by 2030.
Studies have shown that ecosystems services provided by nature are essential to meeting 80% of the Sustainable Development Goals and nature-based solutions represent 30% of the path to meet the Paris Agreement goals. Conserving nature has also been shown to be essential for preventing future pandemics.
Furthermore, studies have shown that closing the biodiversity funding gap needed to protect nature would have benefits that exceed costs by a factor of at least five-to-one and would support 30 million jobs in ecotourism and sustainable fisheries. Other reports have shown that over half of global GDP is dependent on nature – and a transition to a nature-positive economy could generate up to $10.1 trillion in annual business value and create 395 million jobs by 2030.
In response to Finance in Common event Campaign for Nature issued the following statements:
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The Campaign for Nature works with scientists, Indigenous Peoples, and a growing coalition of over 100 conservation organizations around the world who are calling on policymakers to commit to clear and ambitious targets to be agreed upon at the 15th Conference of the Parties to the Convention on Biological Diversity in Kunming, China in 2021 to protect at least 30 percent of the planet by 2030 and working with Indigenous leaders to ensure full respect for Indigenous rights.
The National Geographic Society is a global nonprofit organization that uses the power of science, exploration, education and storytelling to illuminate and protect the wonder of our world. Since 1888, National Geographic has pushed the boundaries of exploration, investing in bold people and transformative ideas, providing more than 15,000 grants for work across all seven continents, reaching 3 million students each year through education offerings, and engaging audiences around the globe through signature experiences, stories and content. mmm
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