NATURE, LAND USE,
AND OCEAN
AND OCEAN
Financing a net zero, nature positive future
Organizers: COP28 Presidency Nature Team
This event will announce a few action-oriented initiatives, including:
● High-level integrated frameworks to unlock nature finance [i.e. CGC/Climate Finance Champions paper on financing nature actions [highlighting the role of policymakers and private financial institutions] and Nature Finance “Making Nature Markets Work” paper];
● New mechanisms/levers integrating nature-positive criteria into economic and financial systems and markets [i.e. TNFD financial disclosure framework and NGFS work on scenarios for assessing nature-related economic and financial risks];
● Innovative mechanisms to unlock sovereign finance for nature through better use of concessional and result-based finance [including proposals of the Working Group for Sustainability-linked financing of Nature and Climate and MDB-led innovations - including WB Global Challenge Program for Forests and interest rate buydown for Uruguay nature/climate operation and IDB climate initiative]; ● Mobilization of private capital to support nature-based solutions [i.e. SMI Nature Finance Fund; Lombard Odier Nature Fund and World Climate Foundation Nature Investors Coalition and WB/IDB work on Amazon, NbS Africa Accelerator Launch (tbc)];
● Establishment of conceptually new markets/revenue streams to support conservation, ecoservices payments, etc.. [i.e. set up of the Integrated financing Facility for Forests and roadmap to scale up global compliance and voluntary markets for nature, forests, oceans and biodiversity credits).
This event will announce a few action-oriented initiatives, including:
● High-level integrated frameworks to unlock nature finance [i.e. CGC/Climate Finance Champions paper on financing nature actions [highlighting the role of policymakers and private financial institutions] and Nature Finance “Making Nature Markets Work” paper];
● New mechanisms/levers integrating nature-positive criteria into economic and financial systems and markets [i.e. TNFD financial disclosure framework and NGFS work on scenarios for assessing nature-related economic and financial risks];
● Innovative mechanisms to unlock sovereign finance for nature through better use of concessional and result-based finance [including proposals of the Working Group for Sustainability-linked financing of Nature and Climate and MDB-led innovations - including WB Global Challenge Program for Forests and interest rate buydown for Uruguay nature/climate operation and IDB climate initiative]; ● Mobilization of private capital to support nature-based solutions [i.e. SMI Nature Finance Fund; Lombard Odier Nature Fund and World Climate Foundation Nature Investors Coalition and WB/IDB work on Amazon, NbS Africa Accelerator Launch (tbc)];
● Establishment of conceptually new markets/revenue streams to support conservation, ecoservices payments, etc.. [i.e. set up of the Integrated financing Facility for Forests and roadmap to scale up global compliance and voluntary markets for nature, forests, oceans and biodiversity credits).
TWO-WEEK SCHEDULE
11 Dec
12 Dec
FINAL NEGOTIATIONS
On the final two days of COP28, there will be no thematic days to avoid extensive programming when the negotiation text is often being closed.
This decision was informed by widespread feedback received from stakeholders.
Read More
10 Dec
FOOD, AGRICULTURE, AND WATER
Climate change is creating severe pressure and risks for the agri-food and water systems that underpin human wellbeing.
At the same time, these systems are also key contributors to climate change: one third of all human-made GHG emissions derive from agri-food systems, and 70% of fresh water consumed worldwide is used for agricultural production.
Specific food and agriculture focuses include innovation investment, regenerative agriculture, and national transformation pathways, underpinned by financing mechanisms and project preparation. Water programming will also look at freshwater restoration and conservation, infrastructure for urban water resilience, and integrated governance and management of water-food systems.
Specific food and agriculture focuses include innovation investment, regenerative agriculture, and national transformation pathways, underpinned by financing mechanisms and project preparation. Water programming will also look at freshwater restoration and conservation, infrastructure for urban water resilience, and integrated governance and management of water-food systems.
Read More
.svg?rev=28d94007b1c94a9a9e326ec12c08afa6)
9 Dec
NATURE, LAND USE, AND OCEAN
The conservation, restoration, and sustainable management of nature is integral for achieving the goals of the Paris Agreement.
In seeking to transition land use and ocean systems to support climate-aligned and nature positive development, this thematic day will focus on scaling robust solutions that protect, restore and effectively manage natural ecosystems, address drivers of nature loss, empower Indigenous Peoples and local communities, and create resilient livelihoods. The day will also spotlight enabling actions that unlock new financial flows and mainstream climate-nature synergies across transition plans and reporting frameworks.
The day will additionally showcase efforts that accelerate the implementation of the Kunming-Montreal Global Biodiversity Framework, the recently adopted agreement that provides a clear framework for halting and reversing nature loss – to help deliver a climate-safe future.
The day will additionally showcase efforts that accelerate the implementation of the Kunming-Montreal Global Biodiversity Framework, the recently adopted agreement that provides a clear framework for halting and reversing nature loss – to help deliver a climate-safe future.
Read More
