A landscape view with a river that flows through a forest

Two Crises, One Solution – climate and biodiversity

    Development Finance Forum 2022

    Experts discussed challenges and approaches

    The Development Finance Forum is KfW Development Bank's most important expert forum that regularly focuses on a current topic related to development cooperation. This time it was about the connection between climate and biodiversity protection, two crises that are closely related and can only be solved together as a whole.

    This high-level expert conference took place on 6 and 7 October at KfW’s Frankfurt offices. Experts from all over the world, from all disciplines and institutions involved – from politics, science, the private sector and civil society –worked together to establish a discourse on how to bring the two issues closer together at both the political level and the level of implementation.

    Keynote speakers were Johan Rockström, Director of the Potsdam Institute for Climate Impact Research and co-author of the latest report “Earth for All” by the Club of Rome, Jochen Flasbarth, State Secretary at the Federal Ministry for Economic Cooperation and Development (BMZ) and Bruno Oberle, Director General of IUCN. All of them emphasized that we have to hurry, especially with the protection of biodiversity. “The longer we wait, the more expensive it will get”, said for instance Christiane Laibach, member of the KfW Executive Board wo opened the Forum and participated in the first high ranking panel.

    The formats ranged from keynote speeches given during plenary sessions to specialist working groups and presentations of innovative solutions in a Future Lab. This resulted not only in an analysis of the current situation, but also provided forward-looking insights into the nexus of the two topics. Among them were the the fact that climate change is not manageable without more protection of nature and that it needs much more financial means for both, including from the private sector. The participants also agreed that metrics were urgently needed for biodiversity.

    En route towards Sharm-el-Sheikh and Montreal

    The conference took place in good time before two major international conferences: the UN climate summit in Sharm-el-Sheikh, Egypt, in November and the major COP15 biodiversity conference in Montreal, in December. One of the issues on the agenda at the climate summit will be the continuation of the “Glasgow Climate Pact” from last year, in which the parties confirmed the 1.5 degree target. The parties also committed to increase international climate financing. In Canada, the Conference of the Parties wishes to set 21 specific goals for biodiversity conservation by 2030 in a “Post-2020 Global Biodiversity Framework”, for instance, the goal to protect 30% of the Earth’s surface by then.

    It will only prove possible to both limit global warming to 1.5 degrees and to reverse the trend in species loss by achieving progress in each of these areas, respectively. That is why it is crucial to establish connections at all levels. The Development Finance Forum provided key information on how to better harness this connection, especially in practical implementation, for instance in terms of new and innovative financial instruments that have to be developed.

    After the long period of social distancing due to the coronavirus pandemic, it also offered an opportunity for bilateral exchange, networking and discussion opportunities in an informal atmosphere.

    DFF Agenda 2022

    In depth

    Publications and short film

    Brochure: The challange of cilmate change

    How KfW Development Bank contributes to climate goals.

    Brochure: Preserving biodiversity for the future

    How KfW Development Bank works to nurture biodiversity.

    FC supplement: Tackling the twofold crisis

    Climate change and biodiversity loss in development policy.

    Short film on climate and biodiversity

    The example of Madidi National Park in Bolivia

    Portrait of Sylvie Goulard

    Sylvie Goulard

    “As climate change and biodiversity belong together and are both urgent, we can save time, energy and be more inclusive if we encourage a unique approach. Nature is unique. More broadly, it is critical to train and educate people, including policy makers, to enable everyone to understand that nature is indispensable. In all parts of the world, we are accountable in front of our children.”

    Deputy Governor, Banque de France

    Portrait of Teddy Mugabo

    Teddy Mpinganzima Mugabo

    “Green urbanization is proving to be the key to securing productive and sustainable economic and social development as well as protecting communities from the effects of climate change. Rwanda is committed to promoting sustainable cities and the Green City Kigali will demonstrate that it’s possible to build a sustainable large-scale urban development.”

    CEO, Rwanda Green Fund FONERWA

    Portrait of Phan Van Tan

    Phan van Tan

    „Climate change response and protection of biodiversity must form the highest ethical standards for all levels, sectors, businesses, and citizens. We need innovative channels to mobilize financial resources to address the high demand of developing countries. These channels are essential for quality of life improvement, GHG emission reduction, and biodiversity increase.“

    Dpt. Director General for Climate Change, Ministry of Environment, Vietnam

    Portrait of Stefanie Lang

    Stefanie Lang

    “To solve the biodiversity and the climate change crisis jointly, we need reliable and long-term funding to be invested in the protection of key areas which are rich in biodiversity and have an important function in mitigation and adaptation. In order to bend the curve, we need a long-term perspective."

    Executive Director, Legacy Landscapes Fund

    A portrait of Dr. Frauke Fischer

    Frauke Fischer

    “While we talk about how we will live in the future when it comes to climate change, the loss of biodiversity and ecosystem services raises the question whether we will live at all in the future. And in simple economic terms: Why are we damaging our best service provider?”

    Chair in Animal Ecology and Tropical Biology, University of Würzburg

    Porträt von Conchou

    Odile Conchou

    “Without a real and rapid mobilization of all actors, the fight against biodiversity loss won’t be won. By managing their nature-related risks and impacts at all levels and by allocating more human and financial resources to biodiversity, they will actively contribute to the preservation of nature and life on Earth.”

    Senior Advisor on Finance and Nature, AFD

    Potrait of Carla Orrego

    Carla Orrego

    “The climate finance gap is increasing exponentially. Climate finance flows reached USD 632 billion on average in 2019/2020 and, even though this is the highest amount so far, we still need a 588% increase to meet the climate objectives set for 2030. Impactful solutions are not scaling as fast as needed, so we need initiatives that can address critical market barriers and mobilize private capital.”

    Implementation Manager, Global Innovation Lab for Climate Finance

    Portrait of Barbara Schnell

    Barbara Schnell

    "The connection between climate change and biodiversity has not been seen and not been recognized for a long time. Now we know that it´s crucial to work on these areas simultaneously in order to generate maximum impact. But knowing is not enough. It´s time to act and that involves new approaches including innovative financing schemes.”

    Director Sector Policy, KfW Development Bank

    Portrait of Aileen Lee

    Aileen Lee

    “Leaders across all sectors must seize this opportunity to invest in the intact natural ecosystems which can contribute significantly to stabilizing our climate. An investment in maintaining the health and function of natural ecosystems for biodiversity and climate is really an investment in our shared prosperity. It is really an investment we cannot afford not to make.”

    Chief of Programs, Gordon and Betty More Foundation