The 16th United Nations Convention on Biological Diversity (COP16) was hosted by the Colombian government in Cali, from October 21 to November 1, 2024. This event was a significant opportunity for IDFC members to engage and participate in key discussions.

 

Please see below a wrap-up by event.

🔍 Pleanary Meeting 1 “Meeting on Nature, Climate, and Development Goals Together”
Javier Díaz Fajardo, cochair of IDFC and CEO of Bancoldex represented the club in this high-level discussion for FinanceDay

🗓️ 28 Oct at 09:30

🔍Banking on Nature Positive Nicolas Picchiottino as Secretary General of IDFC has represented the club.
This event was organized by WWF

🗓️ 28 Oct at 10:30-11:30

 

How Public Development Banks, commercial banks and financial regulators could contribute towards a shared ‘Nature Positive Agenda’?
During the event organized by @WWF at Finance Day COP16Colombia on “Banking on Nature Positive”, Nicolas Picchiottino, with other stakeholders Franco Piza, Sjoerd van der Zwaag and Elisa Vacherand shared their vision and input on the topic.

🎯 Key IDFC Actions:
·       Annual mapping of members’ green finance contributions to evaluate progress on sustainability goals. Read the last 4 pagers here : https://lnkd.in/eSZXwy6d
·       Publication of a “Biodiversity Toolbox” to support members in integrating biodiversity into strategies and operations
·       Establishment of Make Finance Work 4 Nature, a collaborative group to promote best practices across the sector
·       Events and training, such as the Nature-Based Solutions workshop in April 2023, to deepen understanding of the climate-biodiversity nexus
·       Strategic 2023 Steering Group meeting with CEOs and special guest @Dr. Johan Rockström to drive actionable steps on biodiversity finance.

Special thanks to our partners, including WWF, for their invaluable support in building a Nature-Positive economy.

 

🔍Event organized by E3G on “Country Platforms for Nature Safety, Climate Action, and Sustainable Development”

Nicolas Picchiottino, Secretary General of the International Development Finance Club (IDFC) took part in the event organized by E3G on “Country Platforms for Nature Safety, Climate Action, and Sustainable Development” at COP16 Colombia

On October 28th, E3G brought together decision-makers, experts, and stakeholders for a crucial discussion on exploring key linkages between national priorities in climate action and biodiversity.

Key Takeaways:

➡ Synergies Between NDC Updates and NBSAPs: We identified vital connections that will help countries fulfill their commitments under the Global Biodiversity Framework, emphasizing the importance of aligning national strategies.

➡ Lessons from Latin America and the Caribbean: Participants shared valuable insights on how integrating biodiversity and climate action can enhance resilience and foster sustainable development in the region.

➡ Essential Elements for Climate and Nature Platforms: We outlined the necessary components for countries to elevate their ambitions and make credible commitments toward transformative and equitable actions in climate, nature, and development.

The discussions sparked innovative ideas and collaborations that will contribute to a sustainable future.

Thank you to everyone who participated and shared their expertise:

– Dr. Pepukaye Bardouille, Director of Bridgetown Initiative and Special Adviser on Climate Resilience Prime Minister’s Office, Barbados
– Juan Pablo Bonilla, Manager Climate Change and Sustainable Development Sector, Banque Interaméricaine de Développement
– Sylvie Lemmet, Ambassador for the Environment at the Ministère de l’Europe et des Affaires étrangères, France
– Dane McQueen, Director for Programmes and Partnerships COP28 UAE, United Arab Emirates
– Dr. Sarah Hertel, Ph.D., NDC Enhancement Knowledge Specialist, NDC Partnership
– Mookho Mathaba, Climate Finance Specialist, Development Bank of Southern Africa (DBSA)
– Laura Sabogal, E3G

 

 

Very happy to share another great collaboration between two International Development Finance Club (IDFC) members!

At COP16Colombia, Bancoldex signed a USD 100 million agreement with AFD – Agence Française de Développement to establish a transformational credit line.

Our members reaffirm their commitment to fulfilling the Paris Agreement and the #2030Agenda

🔍Linking Climate & Biodiversity Finance and Insurance

Howden Broking organized on October 29 an invite-only breakfast in collaboration with IDFC and Bancoldex to discuss the role of development finance in the low carbon transition and the protection of biodiversity and ecosystems.

 

🔍 “How Public Development Banks can align with the Kunming-Montreal Global Biodiversity Framework?”

💡 Collaboration, focused governance, and robust measurement systems are key for Public Development Banks to successfully mobilize resources to finance Biodiversity protection.

This is the key wrap-up of the side event organized at the CAF -banco de desarrollo de América Latina y el Caribe- pavilion to address the question, ‘How can Public Development Banks align with the Kunming-Montreal Global Biodiversity Framework?’

This side-event showcased the progress and initiatives of International Development Finance Club (IDFC) and some of its members as AFD – Agence Française de Développement, KfW, CAF -banco de desarrollo de América Latina y el Caribe-, Bancoldex, Japan International Cooperation Agency (JICA), Development Bank of Southern Africa (DBSA) and opened a discussion with peer institutions, especially those from the United Nations system and civil society : United Nations Environment Programme Finance Initiative (UNEP FI), WWF

🗣 A big thank you to all the speakers: Christiane Laibach, Mathilde Bord-Laurans, Misa Kemmiya, Julie Clarke, Jessica Smith, Aaron Vermeulen, Nicolas Picchiottino, Javier Díaz Fajardo, Sergio Díaz Granados Guida