An Overview of nature-related risks and potential policy actions for Ministries of Finance: Bending the curve of Nature Loss

Document Summary: 
This report focuses on economic and financial risks of nature loss, particularly those with fiscal implications. A range of potential policy options is presented, which could help MoFs manage nature-related risks. While the roles and responsibilities of MoFs differ across countries, they all control levers that can make a significant contribution to reducing nature loss and the resulting risks. At the same time, many of the policy recommendations in the report can be most effectively implemented through a coordinated approach with other relevant ministries and possibly with supervisor, regulator, or central bank counterparts. This report is an important step to help Coalition Members better understand nature-related risks and possible fiscal implications, as well as to initiate a discussion about policy challenges and how to best address them. Website: https://www.financeministersforclimate.org/news/hp5-publishes-report-nature-related-risks-finance-ministries
Author: 
Samantha Power, Nepomuk Dunz, and Olga Gavryliuk (World Bank)
Publication Year: 
2022
Document Topic/Theme: