IISD's Funding the Future webinar highlights how federal programs can better support nature-based solutions—and why doing so matters now more than ever.
To combat climate change, the world needs to start phasing out fossil fuel production. But what if investors sue? Investor–state dispute settlement (ISDS) claims allow fossil fuel companies to sue governments over phase-out policies, presenting a barrier to climate action. A recent IISD report offers guidance on how to approach fossil fuel phase-outs amid ISDS risks.
IISD hosted this webinar in collaboration with the Wildlife Conservation Society (WCS) and the World Wide Fund for Nature (WWF) to unpack what protected areas are, the benefits they offer for both people and nature, and why they are a vital part of climate adaptation. The webinar also showcased real-world examples of how nature-based solutions, local community engagement, and climate adaptation efforts can work together to build more resilient ecosystems and livelihoods.
IISD's Natalie Jones says that while British International Investment (BII) has not breached its own climate guidelines, "The fact that fossil fuel investments remain on BII's books is not a good look for the organisation, bearing in mind its 2020 commitment to aligning its activities and investments with the Paris Agreement and the UK's 2021 policy to end all international public support for fossil fuels."