Finance Montréal launches the Montreal Center for Biodiversity Financing

Finance Montréal launches the Montreal Center for Biodiversity Financing
Finance Montréal launches the Montreal Center for Biodiversity Financing

MONTREAL — Finance Montréal announced its intention to launch the Montreal Center for Nature-Based Solutions and Biodiversity Financing on Wednesday, on the sidelines of the fourth edition of the Sustainable Finance Summit, presented in the Quebec metropolis.

“This new cutting-edge research center aims to respond to the urgent call for action launched at COP15 with the signing of the Kunming-Montreal Global Biodiversity Framework. It will strengthen the capacity of public decision-makers, financial institutions and businesses to adopt sustainable practices, thus responding to the growing demand for practical and scalable solutions that contribute to the protection of nature and biodiversity,” describes Finance Montréal in a communicated.

The United Nations Environment Program Finance Initiative (UNEP FI) will provide technical advice to Finance Montréal.

According to the general director, Jacques Deforges, the Montreal Center “represents a glimmer of hope in the face of biodiversity which is declining at an alarming rate.”

“In collaboration with UNEP FI, ​​we are committed to demonstrating the effectiveness of nature-based solutions, thereby redefining the paradigms of sustainable finance in Montreal and beyond,” we read in the press release.

The head of UNEP FI, ​​Eric Usher, believes that this initiative “is an exciting step forward to accelerate the action of the financial sector in protecting the planet”.

The press release states that “the mission of the Montreal Center will be to support the development and implementation of innovative financial mechanisms that encourage investment in nature-based solutions.”

“By creating innovative financial instruments such as biodiversity bonds, biodiversity credits and impact investment models, the Center will aim to catalyze positive change internationally and accelerate the transition to a greener future. sustainable,” he adds.

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