Key messages LD3 Informal Working Group meeting

United Nations Environment Programme (16/05/2022)

Our development journey needs to come back on track. We need to tackle the environmental, economic and social crises together with the speed and scale that matches the urgency and magnitude of challenges we face. • We need a change in mindsets of public and private sector decisionmakers and base our decisions on science and economics. • There is a need to internalize environmental externalities, so polluters pay for damages to nature. We also need to bring financial Institutions on board and the UNEP Finance Initiative provides a good template. • Bold, radical and innovative measures, along with enabling policy environment, appropriate incentive frameworks, coherent environmental, social, and economic policies are needed to change the overall financial ecosystem and accelerate action.