Climate Change and Biodiversity Are Inextricably Linked and Will Drive Financial Flows for Decades to Come

The Kunming-Montreal Agreement on biodiversity expands the expectations on financial institutions’ responsibilities towards the natural world. Islamic market financial sector stakeholders should take a cue from the Paris Agreement and build their capabilities to show what they are doing with regard to biodiversity. Doing so would complement their efforts on climate risk and open up new opportunities for investors pursuing ‘nature positive’ objectives in coming years.

The COP15 (Kunming-Montreal) agreement is being called the ‘Paris Agreement’ for biodiversity and will directly impact allocation of billions of dollars to tackle natural capital destructionThere is an even wider gap between countries with economic resources and biodiv...