Financing

As part of a series of publications to help financial institutions understand the relevance and implications of the Kunming-Montreal Global Biodiversity Framework (GBF), this briefing provides banks a first overview of how the GBF applies to their industry, through the axes of risk, opportunities, dependencies and impacts. It aims to support the industry in managing associated risks, capturing relevant opportunities and preparing for anticipated policy developments that will yield new compliance and disclosure requirements.

 

The State of Finance for Nature is a series that aims to quantify public and private finance flows to nature-based solutions and the extent to which finance flows are aligned with global targets and the investment needed to limit global warming to below 1.5°C, halt biodiversity loss and achieve land degradation neutrality. It has a broader scope than the inaugural report in 2021.

In the face of unprecedented biodiversity loss, 196 countries adopted in December 2022 the Kunming-Montreal Global Biodiversity Framework (GBF) providing a global framework to halt and reverse nature loss by 2030. This report provides an overview of the goals of the GBF and recommendations on how investors should implement them. It supports investors in managing associated risks and preparing for anticipated policy developments.

Along with economic growth and improved living standards, waste from households, industries, and commercial or service establishments is expected to increase rapidly over the next years. Managing this waste is a hard challenge for the Government of Vietnam because of its substantial cost and lack of awareness and participation of people and businesses. Wastes can be classified according to: their form (wastewater, solid waste); their origin (industrial wastes, agricultural wastes, urban (municipal) wastes); and their hazardous nature (non-hazardous or hazardous).

This report presents the main results from cost models that were developed as an input to the High Powered Expert Committee on Urban Development in order to estimate the investment, operations, and maintenance requirements for urban water, sanitation and municipal solid waste in India. The cost models are designed as tools that allow linking the various building blocks of the cost estimation to one another, and tests the impact of the main model assumptions on the overall investment requirements.

The European Union (EU) sets the policy framework for municipal solid waste management that drives reform initiatives in new EU member states and candidate countries. The EU policies, implementation targets, and grant funding establish the enabling environment that transforms the solid waste management sector in Bulgaria, Croatia, Poland, and Romania. The EU directives guide member states towards agreed targets without prescribing in detail how specific measures should be implemented.

Municipal solid waste management continues to be a major challenge for local governments in both urban and rural areas across the world, and one of the key issues is their financial constraints. Recently an economic analysis was conducted in Eryuan, a poor county located in Yunnan Province of China, where willingness to pay for an improved solid waste collection and treatment service was estimated and compared with the project cost.