The economic value of the global ocean is estimated at $24tn, with the annual value of produced goods and services across multiple sectors such as seafood, shipping and tourism estimated to be at least $2.5tn per year. However, ocean health – and therefore its wealth – is under threat, faced with the triple crises of climate change, nature loss and pollution.
Central banks call for action on biodiversity loss By OMFIF editors A strong call for accelerating action to prevent biodiversity risks adversely impacting the world economy has been sounded by the European Central Bank and the French and Dutch central banks.
MEETINGS Developing sustainable finance and measurement tools in the US Thursday 3 November, Roundtable This high-level roundtable in New York discusses ESG investment approaches, risks and regulatory frameworks within the US to drive sustainable product development, asset allocation and better international convergence on standards.
ON DEMAND Why the value of nature is essential De Nederlandsche Bank and OMFIF’s Sustainable Policy Institute hosted a conference on the relevance of biodiversity loss for the financial system. Elizabeth Maruma Mrema, executive secretary, UN Convention on Biological Diversity, discusses why it’s important to act now.
LATEST REPORT Absa Africa Financial Markets Index 2022 Now in its sixth year, the Absa Africa Financial Markets Index evaluates countries’ financial development based on measures of market accessibility, openness and transparency.
