Frank Elderson: Taking action for nature – investing in economic resilience and prosperity
Source: Ecb ·
From the source
Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at COP17 Finance and Biodiversity Day It is a pleasure to open the Finance and Biodiversity Day at COP17. The theme of this COP is “Taking Action for Nature’’. We have talked about the need for action for long enough. Now we need to act. Four years ago, the international community adopted the Kunming-Montreal Global Biodiversity Framework, setting out a pathway to living in harmony with nature by 2050. The destination is set. The path is clear. But progress has remained limited. And nature has not stood still. It has continued to deteriorate. So we need to accelerate. Tangible progress requires a shift from targets to implementation, from awareness to engagement, from ambition to investment. COP17 must help us accelerate the journey. And finance has a central role to play. That should not come as a surprise: without investment, there can be no transition. But…
BestAIBroker analysis
- Finance-aware sentiment: neutral (+0.00 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 22/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: COP.