Investing In Nature At COP29

Mary speaking at a panel event at COP29

More than half of the global economy is moderately or highly dependent on nature. Food, land and ocean systems generate around 12% of global GDP. Natural capital in the UK is estimated to be worth £1.8 trillion.  

Following the UN Biodiversity Conference in Colombia last month, Mary supported the UK delegation to deliver a successful outcome from the UN Climate Change Conference (COP29) in Baku, Azerbaijan.
 
These multilateral agreements are critical for driving forward ambition and for mobilising the much-needed finance for climate and nature. It’s estimated that $700 billion a year is needed to halt and reverse nature loss globally.    

COP29 has provided an excellent opportunity for Mary and Ruth Davis, Special Representative For Nature, to connect with international counterparts and share ideas on how to better protect the environment and natural world. 

A thriving natural environment is critical for building our resilience to face the demands of a changing climate. We know that our global network of peatlands, seas and forests act as carbon sinks, sequestering and holding carbon dioxide to regulate the Earth’s climate.  

It is not possible to reach our Net Zero or Sustainable Development goals without restoring nature.