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This briefing summarizes two 2024 IPBES assessments, highlighting that over half of global GDP (USD 58 trillion) depends on nature, yet financial systems continue to prioritize harmful activities. While USD 7 trillion is invested annually in biodiversity-damaging activities and subsidies for such sectors reach up to USD 3.3 trillion, biodiversity conservation receives only USD 135-200 billion. The reports argue for a systemic transformation—including pricing externalities, reforming debt for low-income nations, and closing a funding gap of up to USD 1 trillion per year—which could potentially create USD 10 trillion in business value and 395 million jobs by 2030.

This executive summary, published by the Stockholm Environment Institute (SEI) in 2024, provides recommendations for the operationalization of the Loss and Damage Fund established at COP27. Based on consultations with stakeholders from the Global South, the document advocates for a participatory governance structure, direct access for local communities, and a comprehensive funding approach that addresses both economic and non-economic losses while prioritizing human rights and dignity.