Euro-Mediterranean Economists Association - EMEA’s Post

I was delighted to co-organize a conference about #NaturalCapital and #HumanCapital with Cedric Serret and Fabio Vitale from BNP Paribas. Thank you Fondation Prince Albert II de Monaco and MonacoTech and Monaco Economic Board (MEB) for your support! This morning’s panels were an inspiring journey through the multifaceted dimensions of natural capital: 1. Between COP 16 and COP 29, we examined the critical lessons and progress from past global efforts. These milestones serve as guiding lights for the future, particularly in addressing the cascading effects of climate crises on food security, migration, and international stability. We emphasized the necessity of ensuring financial and operational support for vulnerable nations, so they can transition effectively toward sustainability. 2. Natural Capital and Human Capital brought to life the deep interdependence between nature’s preservation and humanity’s well-being. We heard compelling perspectives on how local communities, grounded in Indigenous wisdom and supported by scientific advances, are central to crafting innovative, sustainable solutions. 3. Finally, Financing Natural Capital highlighted the opportunities in investing in ecosystems, not just as an ecological obligation but as an economic opportunity. We explored how well-targeted investments can generate shared value for local communities, strengthen biodiversity, and mitigate climate change while driving equitable economic development. Today, we reaffirmed a crucial truth: the challenges we face—whether in conserving biodiversity, addressing climate impacts, or fostering equitable growth—are interconnected. They require holistic, inclusive approaches. The voices of local communities and the integration of Indigenous knowledge must remain central to these efforts. Our conversations also underscored that collaboration is not just a necessity but a powerful tool for transformation. By uniting expertise, resources, and innovative thinking, we can turn challenges into opportunities and aspirations into reality. #Nature #Biodiversity #LocalCommunities #IndigenousKnowledge