World Bank-IMF Session: Invest In Nature - Uncovering The Hidden Value of Biodiversity

European Business & Biodiversity Campaign - News

World Bank-IMF Session: Invest In Nature - Uncovering The Hidden Value of Biodiversity

This event was organized during the IMF-World Bank Annual Meetings in October 2019.

Scientist and author of the most comprehensive global assessment on biodiversity (IPBES), Sir Robert Watson, kicked off the event illustrating what science was telling us – one million species are at the risk of extinction, and 90% of the land is significantly altered threatening the lives and livelihoods of millions of people. "Protecting biodiversity is more than an environmental issue. It is a development and economic issue but also a moral issue,’’ he said to a full house.

Two speakers showcased innovative approaches to reversing the trend on biodiversity. Helen Crowley, head of sustainable sourcing innovation at fashion group Kering said: "Fashion might be late to the issue of sustainability but we are here now.’’ Kering is one of the 32 fashion companies to join the fashion pact with the G7. Emiliano Ezcura, the VP of National Parks in Argentina, asked, "If you're a finance minister, how can you not care about nature?’’. He spoke of innovative approaches involving creating rural corridors with local communities to protect biodiversity. 

Several speakers pointed out that agriculture is one of the biggest drivers of loss of biodiversity. "We are seeing an enormous convergence around how we can make the food and land use system more sustainable, said Naoko Ishii, GEF CEO and Chairperson.

You can find more about the event at 
https://live.worldbank.org/invest-nature-uncovering-hidden-value-biodiversity
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