Target 18:
Creating the Right Incentives for a Nature-Positive Future
October 27, 2024 | Cali, Colombia
There is no country that currently invests more in nature than it spends on destroying it.
Reducing harmful subsidies and scaling up positive incentives for nature are essential to global biodiversity goals and will be a major focus of discussion at the Convention on Biological Diversity COP16 in Cali, Colombia.
The Global Environment Facility will bring these issues into focus in a full-day conference Target 18: Creating the Right Incentives for a Nature-Positive Future on October 27, in the Green Zone.
This conference, co-hosted with the Government of Colombia, Convention on Biological Diversity, Conservation International, Gordon and Betty Moore Foundation, International Conservation Caucus Foundation, The Nature Conservancy, the World Bank, and the World Economic Forum, will focus on the potential of positive incentives, reforms of harmful subsidies, and alignment of policy for achievement of Target 18 of the Kunming-Montreal Global Biodiversity Framework.
It will include practical lessons from the agriculture and fisheries sectors, as well as insights on transition finance and the role of the private sector in subsidy reforms and narrowing of the nature funding gap.
Speakers
Rosina M. Bierbaum, Chair, the Scientific and Technical Advisory Panel to the Global Environment Facility (STAP)
David Cooper, Deputy Executive Secretary, Convention on Biological Diversity
Carlos Manuel Rodríguez, CEO and Chairperson, Global Environment Facility (GEF)
Barry Gardiner, Labour MP, UK
Claude Gascon, Director of Strategy and Operations, Global Environment Facility
Prasad Ananthakrishnan, Unit Chief Monetary and Capital Markets, IMF
Valerie Hickey, Global Director, Environment Department, the World Bank
Eva Zabey, CEO, Business for Nature
Aileen Lee, Chief of Program, Gordon and Betty Moore Foundation
Maria E. Netto de A. C. Schneider, Executive Director, Instituto Clima e Sociedade
Cristián Samper, Managing Director and Leader of Nature Solutions, Bezos Earth Fund
Director General at the Swedish Agency for Marine and Water Management (SwaM)
Patricia Zurita, Chief Strategy Officer, Conservation International
José Manuel Salazar-Xirinachs, Executive Secretary, Economic Commission for Latin America and the Caribbean (ECLAC)
Conference Agenda
8:00 – 8:30 | Registration and Opening
Moderator:
Dr. Rosina Bierbaum, Chair of the Scientific and Technical Advisory Panel (STAP) of the GEF.
Opening remarks:
Mr. David Cooper, Deputy Executive Secretary, Convention on Biological Diversity (CBD)
Dr. Claude Gascon, Director, Strategy and Operations, GEF
Ms. Maria Susana Muhamad, Minister of Environment and Sustainable Development, Colombia (TBC)
8:30 – 10:30 | conference continues
Keynote Speech:
Mr. Barry Gardiner, Member of Parliament, UK
Plenary High-Level Panel:
Mr. Prasad Ananthakrishnan, Unit Chief Monetary and Capital Markets Department, International Monetary Fund
Ms. Eva Zabey, CEO Business for Nature
Ms. Patricia Zurita, Chief Strategy Officer, Conservation International
Dr. Valerie Hickey, Director, The World Bank
10:30 – 12:30 | From Theory to Action:
Incentive Reform Around the World
This session will feature country case studies, both successes and failures, on reforming environmentally harmful subsidies with a particular focus on the agriculture and fishery sectors. In addition, parallel breakout group discussions will be conducted on what it takes to reform environmentally harmful subsidies in various countries and contexts.
Parallel Session I: Agriculture
Parallel Session II: Agriculture
Parallel Session III: Fisheries
12:30 – 13:30 | Lunch
13:30 – 15:30 | Parallel Sessions on Sources of Finance and Private Sector Leadership
Financing transition to nature-positive investments means providing different economic actors, businesses, and investors with the means to identify nature-positive investments and transitional pathways that move away from the current business as usual. This session will provide an overview of the sources of transition finance and the voice of the private sector leaders who see a clear opportunity in shaping the business opportunities in the nature agenda.
Parallel Session I: Sources of Transition Finance
Parallel Session II: Early Movers: The Voice of the Private Sector
15:30 – 17:00 | Closing Session
The final plenary will build on the main findings of the different sessions of the day and discuss the potential way forward for parties in the achievement of Target 18. This session will take a political economy approach, considering the barriers and enabling conditions required for a just transition.
Moderator: Dr. Rosina Bierbaum, Chair of the Scientific and Technical Advisory Panel (STAP) of the GEF
Report back from Parallel Sessions
- From Theory to Action: Incentive Reform Around the World
- Parallel Sessions on Sources of Finance and Private Sector Leadership
Panel Discussion:
Ms. Maria Neto, Executive Director, Instituto Clima e Sociedade
Mr. Cristian Samper, Managing Director and Leader of Nature Solutions, Bezos Earth Fund
Mr. Jakob Granit, Director General, Swedish International Development Agency
Mr. Jose Manuel Salazar, Executive Secretary, Economic Commission for Latin-America and the Caribbean.
Wrap-up Remarks:
Ms. Aileen Lee, Chief of Program, Gordon and Betty Moore Foundation
Closing Remarks:
Mr. Carlos Manuel Rodríguez, CEO of the GEF
17:00 – 19:00 | Reception
Join us in Cali
and online
Please watch video recordings of conference sessions here.
Let's stay in touch
Built with Shorthand