In a pivotal moment for global sustainability, the UN Faith Pavilion of the UNFCCC COP29 is set to host a groundbreaking event that explores the critical intersection of climate and biodiversity financing. Organized by UNEP, this discussion aims to shed light on how countries and financial institutions can leverage the synergies between these two vital domains, paving the way for policy coherence and accelerating the transition towards a net-zero, nature-positive world.

Catalyzing Transformative Change through Integrated Financing

Aligning Policies and Financing for NDCs and NBSAPs

The event will delve into the strategies that countries can employ to signal policy consistency and integrate financing for their Nationally Determined Contributions (NDCs) and National Biodiversity Strategies and Action Plans (NBSAPs). By aligning these two crucial frameworks, nations can unlock the full potential of their climate and biodiversity commitments, driving progress on multiple fronts simultaneously. Experts will share insights on how to navigate the complexities of policy integration and ensure that financing mechanisms are optimized to support both climate and biodiversity objectives.

Innovative Financing Mechanisms and Incentives

The discussion will also explore the role of development banks and private financiers in facilitating these integrated efforts. Speakers will highlight existing financing mechanisms and innovative approaches that can be leveraged to channel investments towards nature-based solutions and climate-smart initiatives. From blended finance models to targeted incentives, the event will showcase the diverse tools available to catalyze the flow of capital towards a net-zero, nature-positive future.

Global Initiatives Driving Integrated Action

Attendees will learn about the transformative potential of global initiatives such as the Net-Zero Nature Positive Investment Partnership (NZNP IP), the Climate and Forest Mending Coalition for Action (CFMCA), the Coalition for Nature-Positive Climate Action (CNCP), and the NDC Partnerships. These collaborative platforms are paving the way for a more holistic approach to climate and biodiversity financing, providing a framework for countries and financial institutions to align their efforts and amplify their impact.

Unlocking the Power of Integrated Financing

By exploring these critical themes, the event aims to inspire a renewed sense of urgency and ambition in the global community. Participants will gain a deeper understanding of the synergies between climate and biodiversity investments, empowering them to advocate for and implement policies and financing mechanisms that can accelerate the transition towards a sustainable future. Through this collaborative dialogue, the UN Faith Pavilion of the UNFCCC COP29 is poised to catalyze transformative change and pave the way for a more resilient, equitable, and nature-positive world.