Unlocking Investment in Nature for a Just Urban Transition
Organized in parallel to the World Economic Forum (WEF) annual meeting in Davos, this webinar will highlight the findings of UNEP's latest "State of Finance for Nature" report and explore what's needed to accelerate the financing of urban nature.
- DATE & TIME
- 17 Jan 2023, 3:00PM EST
- HOSTED BY
- United Nations Environment Programme
Madrid riverfront development. Flickr/ M. Peinado.
Urban nature-based solutions (NbS) can contribute to the achievement of multiple Sustainable Development Goals, such as climate adaptation and mitigation; sustainable food production and consumption; clean water and air; thermal comfort through cooler streets and buildings; and access to public green spaces for recreation and physical and mental well-being.
But for urban nature to reach its full potential, investment in nature needs scaling up. The latest edition of UNEP’s State of Finance of Nature report recommends that investments in NbS triple by 2030 to ensure we meet our global climate, biodiversity and land degradation targets. Investing in nature also makes economic sense: nature-based infrastructure is on average 50% more cost-effective than ‘grey’ alternatives and delivers 28% better value for money.
At the Biodiversity COP15 in Montreal in December 2022, mayors across the globe called for increased direct financing to allow cities to implement ambitious greening and ecosystem restoration projects. Building on the mayors' call, this webinar will highlight the findings of the "Financing Nature in Cities" annex to UNEP's State of Finance for Nature 2022 report, and explore the levers to scale up investments for nature in cities.
The webinar will take place in parallel to a closed session at the World Economic Forum’s annual meeting in Davos, where industry and finance leaders will discuss de-risking investment in urban nature-based solutions.
- Sharon Gil, Acting Head, Cities Unit, UN Environment Programme
- Luis Donaldo Colosio Rioja, Mayor of Monterrey, Mexico
- Eugénie L. Birch, Co-director, Penn Institute for Urban Research
- Andrea Fernandez, Managing Director, Climate Finance, Knowledge and Partnerships, C40 Cities
- Mauricio Rodas, Former Mayor of Quito, Ecuador, and Visiting Scholar, UPenn
- Roland Hunziker, Director, Sustainable Buildings and Cities, World Business Council for Sustainable Development (WBCSD)
- Craig Hanson, Managing Director and Executive Vice President for Programs, World Resources Institute (WRI)
- Kobie Brand, Deputy Secretary General of ICLEI / Regional Director of ICLEI Africa / Global Director of ICLEI’s Cities Biodiversity Centre
Retrieved from https://www.shiftcities.org/event/unlocking-investment-nature-just-urban-transformation