Who else but Paula Galbiatti Silveira got our #COP29 baton today, to zoom into nature and biodiversity regulatory developments and how they intertwine ??
Doctor in Law | Subject Matter Expert at Enhesa | Lawyer & Legal consultant in environmental, energy, and climate law | Sustainability and ESG
#COP29 today has a unique chance to reconcile climate, nature, and people. Solving the twin crisis of #climatechange and #biodiversityloss cannot be done but together. ?? At the international and national level, governments have dealt with climate change and biodiversity separately. Now, we are in a unique moment towards conversion. COP29 started days after the end of the Convention on Biological Diversity (CBD) #COP16, which was the first after the adoption of the Kunming-Montreal Global Biodiversity Framework?(#GBF). GBF has a plan to reverse and halt biodiversity loss by 2030 and live in #harmonywithnature by 2050. COP29 must therefore build upon the work of COP16 and address some of its flaws, specially on #finance and #funding. ?? The United Nations has already affirmed biodiversity to be 'our strongest natural defense against climate change' and climate change to be 'the primary driver of biodiversity loss'. A combined solution is not only necessary but logical and that's where COP29 should stand now as towards strong support for nature-based solutions, such as protecting #forests. Also for this reason, the EU Council's announcement yesterday is welcomed. It reaffirmed that the targeted amendment of the #EUDR will not affect the substance of its rules to minimize the EU's contribution to #deforestation and #forestdegradation globally. ?? Today at COP29 is also about #IndigenousPeoples and their priorities that include access to direct financing. According to the World Economic Forum, Indigenous people protect 80% of the remaining global biodiversity and their role in conservation and restoration of ecosystems is essential. To tackle the twin crisis, countries must recognize and respect their rights and rights to their lands, and push financing forward, for example, by enhancing fair and equitable benefits sharing (#ABS). These developments have, of course, a direct impact for companies worldwide in both their role in protecting climate and nature and also in investing in them. #Sustainability & #ESG #reporting, #duediligence, and #investment goes in the right direction to ensure resources are allocated in the right place. This is the message we at Enhesa are trying to convey on the COP29 coverage. So thank you, Gabriela Troncoso Alarcon for passing the baton to me. For the last day, Yangyang Geng will go through the final negotiations. For more information, check https://lnkd.in/eEUNXp89