This session will explore the latest developments in nature-related scenario design, including insights from the NGFS Network Greening Financial Services (supported by major Central banks) and the five Swiss Re Foundation–WWF–AXA Research Fund-EY scenario projects (focus global mountains/islands/deltas; european agri-ecological landscapes, nature-based solutions in Brazil, Peru, and Belize, incl. local livelihood and indigenous community work for the case studies). The following questions are planned to be covered:
• How can nature risk scenarios inform micro and macro-economic risk assessment (the latter being important for supervisors and central banks)?
• What are practical challenges and opportunities in integrating biodiversity and ecosystem risk into risk assessment and decision-making (micro level: local and regional authorities; macro level: focus for financial institutions, for central banks and financial supervisors)?
• How can we scale regional blueprints to international collaboration to accelerate the adoption of science-based, forward-looking tools to address the financial implications of biodiversity loss?
• Does biodiversity science struggle: what is still needed to mainstream the use and implementation of nature related scenarios?