The project aims to support the European Commission’s efforts in promoting global cohesion and alignment on sustainable finance, facilitating the green transition. The IPSF provides a platform for supporting emerging markets ensuring inclusive growth and addressing global challenges in a unified manner. The project will support the European Commission’s collaboration with other jurisdictions by enhancing the 2022 Transition Finance Principles to include biodiversity and nature considerations. This will involve a detailed analysis and revision of the existing principles, which have so far been centred on climate change mitigation, to ensure they comprehensively address nature and biodiversity aspects.
The project will map relevant initiatives and frameworks at jurisdictional, regional and international level in relation to nature and biodiversity transition finance, as well as capturing how climate transition finance frameworks are already capturing nature in their approaches.. The findings of this analysis will provide key considerations for the updating and adjusting of the 2022 Transition Finance target and delivery principles. Through the integration of biodiversity and nature the goal is to ensure a comprehensive approach to climate and nature transition finance (beyond risks-only or disclosure-only).
Categories: Biodiversity and Natural Capital, Environment