P2 Partnership – Transforming finance
Day 3 focused on transforming finance and addressed how the GBF should be strengthened to catalyse the transformation of the finance system to ensure nature-positive financial flows. Speakers shared their perspectives on the outstanding ambition gaps in the GBF draft, as well as suggestions for addressing those gaps and key messages to be transmitted to political leaders.
As a key contributor to the Post2020 pavilion partnership, Expertise France Director General Jérémie Pellet and his director for Sustainable Development Nicolas Chenet met with the pavilion partners including WWF Director General, Marco Lambertini, the Global Environment Facility Director of Programmes, Gustavo Fonseca and the World Economic Forum Nature Lead, Akanksha Khatri.
The Evening Virtual on September 5 addressed the topic of nature positive debt instruments for green recovery.
The Morning Virtual on September 6 addressed greening public expenditure, including subsidy reform.
“We would need a GBF that pushes the Multilateral Development Banks into reform biodiversity harmful programs with some teeth. ” Gareth Phillips, African Development Bank Group
“Governments need evidence base to create transparency and identify biodiversity harmful subsidies, with tools for regular reporting and detailed screening to grade their impact.” Jacqueline Cottrell, Green Budget Germany
The first on-site session focused on nature positive public financing:
“There is no technology that will solve the climate and biodiversity crisis. Politicians need better information to work for policy coherence.” Carlos Manuel Rodriguez, Global Environment Facility
“We must think of translating the framework into our key policy areas and strategies and plan to have tangible actions on the ground for the people and communities.” Beatriz Cyiza, Rwanda Minister of Environment
“We have to seize the opportunity in the negotiation process. Every delegation should take on a young person, give them a voice and seek compromises.” Christian Schwarzer, GYBN
The second on-site session focused on nature positive private financing:
Nature affects all of economic activity. The world ecosystems are declining, also in India. The coherence of policies and cross-stakeholder collaboration will decide the future of biodiversity in the country.” Niranjan Banodkar, CEO YES Bank
“We need the same scale of capital that has been deployed to create the problem to solve the problem. We need to de-risk investments for private capital. Enter philanthropy has a role to play.” Marcelo de Andrade, Earth Capital Partners
“Today, we have more business and financial people in the IUCN World Conservation Congress than ever before, not talking about species, but about the future of humanity. Nature is not an impediment to investment anymore, it is an opportunity.” André Hoffmann, Président, Mava Foundation
Youth campus perspectives on CBD negotiations process
As we move down to the second half of the World Conservation Congress, the youth delegation further expands its basis and explores more opportunities to mobilize and burst the nature conservation community bubble.
“The Breakfast with…” keep providing exciting possibilities to learn from and discuss paths to bridging intergenerational gaps in biodiversity. Rabecca Yego (Man and the Biosphere, Kenya) and Julia Bethe (Youth 4 Nature, France) had the occasion to meet with their national Ministers for Environment (Mr. Keriako Tobiko and Ms. Barbara Pompili). They advocated for more youth involvement in nature conservation activities, and called for programmes and activities to facilitate their empowerment. Nisreen Elsaim also exchanged views with representatives from the University of Geneva and Chatham House, on tools and solutions to support the establishment of a vibrant climate change research community in Sudan.
“We all hope that the Post-2020 GBF is going to go further, be more ambitious, and legally binding. It is a turning point we are facing.” Mirna Ines Fernandez, GYBN
The day was also filled with events and panels that spoke to the young leaders’ interests and expertise. Clara Jeanroy (IUCN) attended a chat on the role of young urban leaders in driving the integration of nature considerations in cities, while Christian Schwarzer (GYBN) shared his insights on pathways to mobilizing effective and inclusive finance, one that can close the USD700 billion biodiversity funding gap while also supporting the inclusion of grassroots stakeholders and rights-holders.
He challenged Carlos Manuel Rodriguez (GEF) on support to youth organizations by such a financial instrument. IUCN closed the day by launching its Academy, an innovative initiative that aims at widening the space for young researcher to take part in programmes and be trained on nature. Several young leaders attended and, while pointing out that the panel lacked youth representation, welcome the project as a positive step.
“GYBN Africa started with less than 5 chapters we have now over 20 & are one of the most active regions in contributing to GYBN at the international level.” Kevin Lunzalu, GYBN Kenya
The Post-2020 Biodiversity Framework – EU Support project also organized in cooperation with GYBN, an online Campus session entitled “Understanding the CBD negotiations process: perspectives from youth leaders”. Campuses focus on training and capacity-building for a selected audience, interested in learning more about a subject. In this regard, it was particularly fitting for youth leaders to take the stage to share what they thought about the CBD, its structure, institutions and the current state of negotiations. It was opened by Jérémie Pellet, Expertise France Director General, who recalled the project’s support to GYBN through a grant, and acknowledged the crucial role of the 25 national consultations and 15 intergenerational dialogues implemented in the last year to bring youth voices to the negotiations. Vibrant breakout groups culminated in the analysis of a set of frustrations, challenges, hopes and values that participants believed were key to addressing the biodiversity crisis. Those inputs will be integrated as a part of the definition of GYBN’s position on the Post-2020 Global Biodiversity Framework.