Much of the thinking behind the development of the Aichi Targets suggested changes in government policy and the need to invest a lot more public resources in safeguarding biodiversity. While that is true, there are limits to the scalability of budgets of environment ministries and protected areas agencies. Real success will come from smart, market-enabling policies that create the right signals and incentives for private investment in Nature. The hottest topic in the side meetings here in Cancun is about innovative finance and how to make Nature investable.
We are seeing tangible progress towards three critical strategies: investing in natural infrastructure for the services it provides, greening corporate supply chains, and making conservation an asset class for private investors. Conversations here in Cancun and elsewhere cause me to be optimistic that we are close to critical tipping points on all three strategies. When those happen, investment in Nature can scale exponentially, meaning the SDG and Paris goals are still achievable, and striving towards the Aichi Targets will get us closer to those goals. But first, we still must get those smart policy enabling conditions in place.