COP 15 preview: the “Paris moment” for nature?

COP 15 preview: the “Paris moment” for nature? November 2022 We expect biodiversity to be a major theme for investors in 2023, after the recent COP 27 formally acknowledged the link between the climate and biodiversity crises – as underscored by severe weather events this year. We hope that the upcoming COP 15 – a conference dedicated to biodiversity – will agree a global biodiversity framework for the coming decade that will live up to high expectations. Mélissa Bourassi The ambition is to put the world on a path that Sustainability Key takeaways secures nature for future generations. The Kunming Analyst 1 – The focus of this year’s COP 15 is to Declaration , a political declaration aimed at adopt a globally agreed framework – the demonstrating political ambition, was adopted post-2020 global biodiversity framework during the high-level segment of the conference. – which could be a unique opportunity The second part of the CBD COP 15 will take to reverse biodiversity loss and support place in Montreal, Canada from 7-19 December, climate action. under the Chinese COP presidency in coordination – While hopes are high that COP 15 could with the Canadian government. The conference be the “Paris moment for nature” – will see a gathering of representatives from 196 echoing the progress made on climate governments. in the Paris Agreement of 2015 – there are challenges to overcome around the mobilisation of finance for nature What is COP 15? restoration. th – The good news is that a successful COP COP 15 stands for the 15 Conference of 15 could be a springboard for greater the Parties (COP 15) of the Convention integration of natural capital into on Biological Diversity (CBD). Adopted in investment decisions and opportunities. 1992, the CBD is the first global agreement to cover all aspects of biological diversity, focusing on three main objectives: While COP 27, the better-known climate confer- – The conservation of biological diversity ence, has seized the headlines recently, attention – The sustainable use of the components of will soon turn to COP 15, the dedicated conference biological diversity on biodiversity. The first part of the CBD COP 15 (to – The fair sharing of the benefits arising out give it its full name) took place virtually from 11-15 October 2022 and focused on the development of the utilisation of genetic resources of the post-2020 global biodiversity framework. 1.https://whc.unesco.org/en/news/2349. Value. Shared.