Enabling a carbon net zero and nature-positive financial sector
The financial sector has a big impact biodiversity – positive, but still mostly negative. An integrated approach is needed with climate change, given the existing synergies and trade- offs. Private and public financial institutions need to recognise the double materiality dynamic and work together towards a more nature-positive and climate-neutral future. Supervisors, fiscal and monetary policymakers should act now and in accordance with the precautionary principle to avoid the worst effects of climate change and biodiversity loss.