Public finance for natural capital

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Presentation transcript:

Public finance for natural capital In principle, we know what to do to increase public finance… Scrutinize needs and identify the real ones Enhance efficiency of policy delivery and policy coherence (including EFR; addressing harmful subsidies) New financial tools (approx. 100 in BIOFIN database) …but face obstacles… Political economy Competing priorities Trade-offs or perceived trade-offs? Change perceptions?

Public finance for natural capital Recommendations Build new alliances (ministries of finance), building on emerging issues (disaster risk reduction) Change the discourse/narrative and taylor the language to the audience: NC to offer nature-based solutions for the problems of the country Use opportunities for enabling public investments to leverage private finance Exploit opportunities for synergies more systematically and more proactively (e.g. biodiversity and land degradation agendas)