A new study groups has been launched to research the impact of finance on key ecosystem services.
A joint project of the Network for Greening the Financial System (NGFS) and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (Inspire), the group will also look at the effects of biodiversity loss on financial stability.
The aim of the new research group is to establish an evidence-based approach for central banks and financial supervisors to understand how they can fulfil their mandates in the context of biodiversity loss, with a focus on land use and deforestation.
“Companies are highly dependent on the services that ecosystems provide, but may at the same time have a harmful impact on the environment,” said NGFS chair Frank Elderson introducing the new initiative. “The financial risks that stem from a loss in biodiversity are a serious threat to the financial sector that urgently require better understanding by policy makers and regulators to which the new NGFS/Inspire study group will provide an important contribution.”
Inspire is an independent research network supporting the central banks and supervisors of the NGFS in their work to manage climate and environmental risks. The project will involve researchers from both NGFS members and Inspire. It will be jointly led by Dr Ma Jun (NGFS Research Workstream) and Prof Nick Robins (Inspire), and managed by Dr Tianyin Sun and Dr Simon Dikau.
This page was last updated April 23, 2021
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