| ID | 6149 | ||||||||||||||||||||||||||||
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| Date |
Tuesday 2024.10.29 @ 16:30 Add to Calendar |
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| Room | Nuqui - Academia & Research meeting room Plaza One Capacity: 86 people |
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| Conference | SBI-05 / COP-16 / CP-MOP-11 / NP-MOP-05 |
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| Meetings(s) | COP-16 Sixteenth meeting of the Conference of the Parties to the Convention on Biological Diversity |
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| Title | Innovative Finance for Climate and Biodiversity Goals: developing long-term solutions to bridge the financial gap | ||||||||||||||||||||||||||||
| Hosts |
MADS |
Minambiente |
IADB |
TNC |
E3G |
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| Topics |
Forest Biodiversity Island Biodiversity Marine and Coastal Biodiversity Planning Sustainable Development / Millenium Development Goals Kunming-Montreal Global Biodiversity Framework Implementation of the Convention on Biological Diversity Business and Biodiversity Financial Mechanism and Resources Mobilization Climate Change and Biodiversity Conference of the Parties Protected Areas and OECMs Sustainable Use of Biodiversity New & Emerging Issues In-Situ Conservation
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Around the world, national governments are committed to conservation and climate action, but many simply do not have the resources to develop plans and put them into action. Some 60% of low-income nations – many of whom are the most vulnerable to climate change and biodiversity loss – are at risk of or in debt distress, limiting their ability to protect their environment and enhance their resilience. But there are solutions. This event will highlight some innovative and scalable mechanisms, including the Project Finance for Permanence (PFP) model and The Nature Conservancy’s Nature Bonds projects, both of which help fund conservation and climate action at scale and close the climate and biodiversity funding gap. This event aims to support national governments in understanding how innovative finance mechanisms, such as PFPs and Nature Bonds projects, enhance their ability to meet their 30x30 goals, the latest NBSAPs, and their NDCs and ensure long-term funding for climate and biodiversity. We will showcase concrete examples from leaders in Colombia, Belize, Gabon and Canada, and include experiences from key financial partners (such as multilateral development banks and international organizations). Panelists will explore how the approaches and mechanisms support countries and communities in developing a unified portfolio of innovative solutions that will provide sufficient, stable, and long-term finance and outcomes for climate, biodiversity and people.
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