Razan Al Mubarak Unveils Report on Financing for Nature-Based Solutions in Brazil

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Razan Al Mubarak kicked off Climate Week NYC with the flagship event “Capital Mobilization for Nature: Towards a Nature Positive Economy,” a fireside chat with Mary Schapiro, Vice-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) and Cristina Reis, Vice Secretary of Economic Development and Sustainability, Brazil.

At the event, the High-Level Climate Champions, along with Capital for Climate and IFACC Initiative (Innovative Finance for the Amazon, Cerrado and Chaco) launched a report titled “Scaling Nature Finance Now: The Opportunity for Investors in Brazil and Beyond.” The report demonstrates the economic opportunity of nature-based solutions like reforestation and investing in Indigenous Peoples, which can generate significant economic returns and mitigate a third of global emissions.

Ms. Al Mubarak, who is UN High-Level Climate Champion for COP28 UAE, stated:

“Investment in such solutions still needs to double by 2030 and triple by 2050. The good news is that sustainable agriculture and other nature-based solutions are proving profitable and scalable today, and have the potential to create over 390 million jobs by 2030.”

Now is the moment to scale nature finance. Read the full report for practical insights into the investment opportunity and what’s needed to unlock the next phase of growth.