Conservation of natural resources is essential to keep ecosystems healthy as a consequence of a close synergy between economy and well-being. BNP Paribas and the Centre Scientifique de Monaco (CSM) are ready to debate on key issues about Natural Capital on the 27th November 2024 at the Yacht Club de Monaco. The technical meeting, entitled "Capital Naturel et Humain: une Approche Intégrée de la Conservation Durable des Écosystèmes" (Natural and Human Capital: an Integrated Approach to Sustainable Ecosystem Conservation), in partnership with the Prince Albert II of Monaco Foundation, will gather scientific and financial experts to focus on the recent results of COP16 on biodiversity and COP29 to define a new global funding target to combat climate change.
The Networking Section is aimed at creating synergies between international and Monegasque actors to develop joint programmes to implement nature-based solutions, under the umbrella of MonacoTech and Monaco Economic Board. As already pointed out in the first edition, natural resources and ecosystem services are inextricably linked.
The total amount of natural capital is not infinite and increasingly super-exploited by human beings, generating irreversible consequences capable to put at risk the Planet Earth biosphere. Thus, natural resources play a vital role in preserving living conditions, mitigating extreme weather events and enabling new generations to survive.
Dr Nathalie Hilmi, Head of Environmental Economics at CSM, pointed out « Scientific data and validated practices are crucial to guiding the world of finance towards sustainable and efficient solutions. Integrating he former with investments promotes choices that are relevant to financial actors (in the respect of) ecological limits and strenghten Natural Capital. This is also the way to ensure the long-term resilience of investments. by aligning financial flows with validated sustainability objectives. Financial institutions can therefore become instrument of change in a global economy focused on responsible growth ».
Françoise Puzenat, Head of Territory at BNP Paribas Monaco, concluded: « This conference is a forum for sharing knowledge on strategies and solutions to mobilise funds and promote the conservation of biodiversity. (...) The recent COP16 highlighted the importance of the Ocean as well as indigenous people and local communities for the protection and restoration of nature and climate action. As an international financial institution, we support the Ecological Transition, being pleased to bring together experts on the safeguarding of biodiversity and Natural Capital ». ***
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By Maurice Abbati
Journalist; Editor; Communication, Media and Public Relations Specialist
Lecturer and Author in English language of Technical Articles and the Manual: "Communicating the Environment to Save the Planet, a Journey into Eco-Communication"Â by Springer International Publishing.
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