Transformative actions #38 – A next step for biodiversity disclosure: building on the GBF and existing tools and measures

“PANELISTS VOICED THAT THE PUBLIC AND PRIVATE SECTOR SHOULD BOTH ENDEAVOUR TO BRIDGE THE FINANCING GAP BY RE-DIRECTING FINANCIAL FLOWS TO SIMULTANEOUSLY ELIMINATE NEGATIVE SUBSIDIES, REDUCE HARMFUL IMPACTS ON BIODIVERSITY AND INCREASE RESOURCES FOR POSITIVE SOLUTIONS THAT HELP RESTORE NATURE, SUCH AS UPGRADING TAX SYSTEMS TO ALIGN WITH BIODIVERSITY GOALS.”
Net Zero Banking Alliance