During the COP15 Biodiversity Summit, Jean-Jacques Barbéris of Amundi spoke on behalf of the Finance for Biodiversity Foundation at the high-level plenary on 13 October. He invited the Global Biodiversity Framework to reflect the role of financial institutions. and to include appropriate regulatory measures.
On behalf of the Finance for Biodiversity Foundation, Jean-Jacques Barbéris, member of the executive board of Amundi and the head of institutional and corporate clients division & ESG, spoke at the High-Level Segment plenary session of the COP15 Biodiversity Summit on 13 October. Mr Barbéris reiterated that there is strong support within the finance community for addressing the loss of biodiversity, and this should be reflected in an ambitious and effective Global Biodiversity Framework supported by appropriate regulatory measures and financial incentives.
“The next draft of the Global Biodiversity Framework should more accurately reflect the sense of urgency and the level of ambition required to protect and restore biodiversity. It is essential that the Post-2020 Global Biodiversity Framework highlights the role those financial institutions and the private sector can and should play in delivering the 2030 milestones and the 2050 goals,” said Mr Barbéris.
Mr Barbéris’s speech referred to the written suggestions that the Finance for Biodiversity Foundation made for targets 14 and 15 in the draft of the Global Biodiversity Framework during the Open Ended Working Group 3 last summer.
The CBD COP15 kicked off on Monday 11 October in Kunming, China. The meeting is set to be held in two parts. The first part, scheduled for 11-15 October, is being held both offline and online. Representatives are expected to focus on the development of the post-2020 Global Biodiversity Framework to guide conservation actions around the globe until 2030 and the parties have adopted the Kunming Declaration. The second part of the meeting will be held offline in April/May 2022, and is expected to see the finalization and adoption of an ambitious and practical post-2020 Global Biodiversity Framework.
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