MAGNET model’s Post

Join our next side event at COP16! 🦋 Assessing macroeconomic effects of ecosystem services loss and addressing effective nature-based solutions  🌍💡 UNEP Business & Nature Hub, at Place Quebec Wednesday 30 October at 9:00-9:45 The Financial sector needs robust tools to understand and mitigate the impacts of biodiversity loss. BiROFin's unique approach aligns science-based future biodiversity and financial scenarios, utilising advanced economic modelling techniques to provide comprehensive monetary estimates of biodiversity effects on the economy at the country and sector levels. BiROFin provides insights in two areas: Sectoral and country-level monetary economic effects of biodiversity loss List of biodiversity loss abatement and restoration measures and their investment and operational estimates This collaboration aims to address the most significant ecosystem services, sectors, and specific major countries for the private sector. Project impact along the Kunming-Montreal Global Biodiversity Framework 🌿📉 Target 15: Build the capacity of companies to report and disclose their impacts on biodiversity. Target 18: Redirect and eliminate harmful subsidies and incentives that contribute to biodiversity loss Target 19: Address the biodiversity financing gap by mobilising financial resources from all sources. Together, we can turn insights into impactful actions🌍💡 We combine economic and ecological models to assess the impact of ecosystem services across 51 countries and regions. The MAGNET model from Wageningen Economic Research will simulate these impacts, with ecologists from Wageningen University & Research and the Foundation for Sustainable Development providing key insights. This public-private partnership receives financial support from the Knowledge and Innovation Agenda of Agriculture, Water, Food (KIA) in co-creation with industry leaders like Deloitte, Allianz, Ortec Finance, APG, ING, and Commerzbank AG. #NatureConservation #EconomicImpact #SustainableFinance #Biodiversity #EURegulations #EnvironmentalDisclosure #WUR #PartnersforWater #COP16 Haki Pamuk, Willem-Jan van Zeist, Arnold van Vliet, Nico Polman , Marcia Arredondo Rivera, Kaleb Jada, Alessandro Gatto, Koen Leuveld, Jeanne Nel Mieke Siebers, Vanessa Otto-Mentz, Anne-Claire van den Wall Bake - Dijkstra, Florence Arke, Johanna Gloel, PhD, Bronwyn Claire, Markus Zimmer, Santiago Cortés, Dominika (Nika) Budny, Karoline Hallmeyer, @Nicole Roettmer. @nathalie schoel, Maximilian Hetjens @lars werner, Marla Roh.