FSD Africa and the African Natural Capital Alliance (ANCA), will be hosting an event at COP 28 to discuss how regulators in Africa and across the world are beginning their journey on nature.
Humanity and economic activity fundamentally depend on natural capital—the world’s stock of natural assets that are declining at an unprecedented rate. The adoption of the Global Biodiversity Framework and the publication of the Taskforce of Nature-related Financial Disclosures (TNFD) framework demonstrate how policy makers and the private sector are mobilising in this space. Now financial regulators are beginning to act too with the Network for Greening the Financial System (NGFS) acknowledging nature loss as a material risk to financial stability.
We will explore results from a first-of-its-kind stress test of nature risks across five African financial systems and compare with the experiences of global regulators that have undertaken initial nature risk assessments.
