· Ravi Menon Wiki · Network for Greening the Financial System WikiBending the curve of nature loss
Read full speech on bis.org ↗ContextKeynote remarks by Ravi Menon, Managing Director of the Monetary Authority of Singapore and Chair of the Network for Greening the Financial System, at the COP15 Finance and Biodiversity Day, Montreal, 14 December 2022.
Why it mattersMenon calls nature loss an existential challenge for finance.
Problems raised
- Nature loss is an existential challenge.
- The financial sector underestimates nature risks.
- Biodiversity is declining fast.
Solutions proposed
- Translate conviction into action on nature.
- Integrate nature risks into finance.
- Learn from climate action.