 Well thank you first of all for coming to this extremely timely event around nature restoration and how it should sow the seeds for the EU's economic resilience and competitiveness in the future. And today I'm delighted to have a panel of businesses and other experts that can explain a bit more why in fact nature restoration is a critical framework for the future. And I'd like to thank the co-hosts we have today which is MEP César Luenna and MEP Confang who is on his way. And I'd also like to thank their offices also for all the work they've done because of course it's always a lot of work for the MEP offices. So just to introduce myself my name is Ursula Woodburn. I'm the director of the corporate leaders group Europe. We have members who are industry leaders from a range of sectors across energy infrastructure retail consumer goods finance and the built environment who are really committed to playing a leadership role to secure an equitable transition to the net zero nature positive economy. And we have a decade long strategic partnership with the green growth group of member states and with MEPs under the green growth partnership. I'd also like to say we're grateful for the support of many partners in putting on this event including the We Mean Business Coalition which is a global nonprofit coalition working with thousands of the world's leading businesses to take action on climate change. Now as we heard this as I said at the beginning this is a very timely event. We are at the moment in the last year of this commission which has been really leading on the European Green Deal which set out how to make Europe the first climate neutral continent by 2050 to show a clear direction to businesses in terms of setting their own climate and energy transition ambitions to accelerate the transition and keep the 1.5 objective alive. And I think this is one of the core elements of the green deal is that could become the framework legislation which allows the EU to implement the international agreement it just agreed in Montreal the Montreal biodiversity framework. So today we'd love to discuss further what the next steps are for this law. We heard from Executive Vice President Timmermans in the agri-environment committees this week he underlined that we need to negotiate and finalize this legislation. I think we're all in favour of that here. The need to have resilience of our economy for food security and to give a clear policy direction to businesses and farmers about how to align our climate nature and energy objectives. Yeah, I mean unfortunately I think the Agri and Pesh committee have rejected the report at the moment but we really look forward to seeing how we can negotiate a way forward on this key legislation. Before taking too much time I'm delighted to welcome MEP Pascal Pompin who you all know well he's the chair of the Environment Committee to perhaps I could if or if you like I can give you a minute to sit down to show your reflections about the the current state of play and the importance of this legislation. Okay so I'm very glad to be here with you and together with Cesar Luena who is having of course a very important role in that nature restoration low debate and hopefully positive conclusion. So we what is first what strikes me is that on the mobility energy industrial part of the Green Deal we have managed to find wide agreement including with the business community or at least a majority of the business community to go fast and to change the rules and that's why we have been doing the carbon market reform the standards for CO2 for cars and so on and so on and so on and so on and so on and you know you know that by heart and we do it in 90% of the cases with the support of EPP so wide consensus and I consider that it is very important to have it stable because the worst case scenario for you for investors is unstable rules then for three years you go very progressive and then the next three years you go very conservative and at the end of the day what about your investment and stability by the way it's one of the main risk of an array I don't know what will happen next year to the array in the case Biden does not win the election. In Europe except on agriculture we have managed to have a depolarized debate on agriculture we haven't managed to have it so far and that's the key problem the key problem is there because once it is polarized it is politicized and then of course everybody says including things that are definitely not in the test I heard that we will not be able to have more solar panels or wind power turbines because of this law which is completely fake and wrong because there are free articles explicitly referring to this case and excluding from the scope of this regulation renewable energies and all everything related to that so we need to create more consensus and in order to get there we need to align economic rationality and logics and climate and biodiversity arguments and that's why you have a clear role to play that's why you have a clear role to play because we collectively managed to do it again as I said regarding mobility energy on the energy you still have the hot potato of nuclear but if you look at the big picture it's one element among many others where we all agree and on the industry so we need you to create the economic narrative that protecting nature protecting the ecosystem having more resilience for climate shock and so on and so on so on is good for yield is good for food security is good for your business is good for the value chain and so on and so on so we need you to help us to design this that which is at the core if I take my renew hat for a second which is at the core of the renew approach but I think does not put and does not cause any problem to say that then second we need to also to have support for this huge stake which is protecting nature restoring biodiversity and sun sun not only to target regulations that are themselves targeting farmers it's very important otherwise the farmers have the feeling that okay you are asking asking me things that I cannot translate into my business contracts because the Danone the Unilever the Nestle of this world and of Europe are not submitted to this to this rule so that's why I have been advocating for months now for an equivalent of ETS for the food sector because we need to create a carbon slash biodiversity price paid by the companies investing in the restoration so if they invest of course they don't pay but then the business case is there including for farmers and that's why we have been supporting as well a lot of the carbon farming text which is creating precisely the the key credit for tomorrow and an equivalent of ETS for the food sector and then for farmers it will be way easier to accept the constraints because they would say okay this is on the whole value chain and I can have a return on this because my clients will have to comply also with this rule so that's where we are I think we need to really work together to design not only to discuss about the details but to design the way the Green Deal could create more convergence regarding economy slash biodiversity slash climate on the agriculture dimension and again we need you we need you for this and very short term very short term we need you to support the nature restoration law we have concerns as well when I say we I take again my renew hat we are negotiating this with Cesar we will probably slightly change the the the text as it is today I take one example the Montreal agreement I mean we all signed up to the Montreal agreement in December but the law came before the proposal came before the Montreal agreement so the Montreal agreement which is 30% of degraded land has to be restored by 2030 is not even stated in this law and there is another objective so I think we should be very clear I mean basic we apply the Montreal agreement we do not apply something else the full Montreal agreement and only the Montreal agreement and that's where we could have probably more support to this law at least starting with a renewal so if you have questions of course I'm happy to answer but that's the main analysis I wanted to share with you today thank you so much MEP confirmed well on that note perhaps it's time to pass to MEP Luena who is the rapporteur for the nature restoration law and who has worked on biodiversity for a lot of your career in the parliament so a real expert on the topic and would be delighted to hear from you your thoughts on where we are the key elements you you are working on and so forth so thank you for joining us yeah thank you thank you and thank you all for coming and thank you Pascal for your work and for your support in this month the EU is at a critical point really facing President's environmental challenge 81 percent of the protected habitats in the EU are in poor condition more than 70 percent of the soils are in an unhealthy state and 71 percent of fish species in the client since the last decade this number I think is no for you then we have the opportunity to tackle the biodiversity crisis and become the world's leaders towards binding restoration targets it is the first time in 70 years 70 years of European integration that we are regulating nature in its entirety we are reaching the end of the negotiations and approaching the voting in two three four weeks of the report at the mb committee as a reporter I have included the concerns and compromises of different political groups also pp group even people group and also agri committee also pest committee and also different economic sectors and different civil society organizations this regulation I think is necessary and benefits all it is time to debunk all the myths and the face really generated around this regulation as natural restoration will make our soils more fertile will help pollinators to grow again and help our ecosystems become more resilient to the effects of climate change this is the true citizens will will benefit from it farmers and fishermen will benefit from him companies will benefit from it repeat this is the truth in relation with the natural restoration law there are many positive outcomes coming from implementing a strong binding natural restoration law if we fail to act now we put our ecosystems at the risk of disappearance and expose ourselves to the worst consequences of climate change we need to protect pollinators use close to natural practices in our forests insert the protections of marine life and let our rivers flow freely our species our ecosystems our water bodies are essential to a healthy and climate resilient Europe we cannot continue talking about restoring nature as if it's an option we need it for our survival for our well-being and for our economies also this is true while we can see oppositions from certain certain groups and sectors the reality is that many companies business networks and civil society organizations have publicly supported the proposal for a strong natural restoration law they support the natural regulation proposal because it helps sustainable jobs because all sectors rely on healthy ecosystems and because it concerns locked and food and water security it is clearly clearly stated that together with climate change the biodiversity crisis is putting human livelihoods and the foundations of economic activities at risk they claim in their statement nature is our business our future our life in other words there is no business no future no life without nature for this we must act now tomorrow will be too late thank you for your support for coming here and i tell you one last thing we we have a lot of difficulties with this file in agri-comedy and best committee but also in agri-comedy but i am optimistic we have a change to pass to approve the draft in the next agri-comedy and also in the plenary we are several groups that we are supporting and we are working a big deal yeah in front of this we have a specific strategy especially of pipi especially of manfred beaver put his name in your papers this is the guilty manfred beaver who is changing the strategy really who is broken the deal with liberals with s and d at the first of the mandate and we approve the european green deal and beaver is broken this deal his own word against ursula bonerlayen put also this because this is the the real things that we are living in this house now i see some people smile in the room i think this is this is good because the truth is the truth but despite of this maybe we could have numbers to pass this file maybe couldn't i don't know the greens isn't are involved the left are involved a big part thanks to soraya thanks especially to pascal confant of liberals are involved the socialists are involved you never know the the the enemies are very strong but we are also very strong thank you thank you emi piluana for that um you know strong call to support nature and for and also thank you for mentioning the work that we've also done to help shepherd a number of organizations that support the law in in a recent letter um i think we have our final keynote today is is from staphania avanzini who's the director of one planet business for biodiversity which is a unique international cross-sectoral and action-oriented business coalition on biodiversity with a specific focus on agriculture and initiated by a macron um a few years ago so um staphania it'd be great to hear from you a bit more from the business perspective so globally what what are the business practices and perspectives on the role of nature to build a resilient economy we've just heard a lot of people talking about how businesses support this but perhaps you could tell us a bit more your your perspective on the matter thank you staphania thank you for inviting me so effectively i i do represent a coalition of wide businesses from former cooperatives food manufacturer to textile and beauty care and retailers who have who have understood their dependencies on nature and they haven't understood it today and they haven't understood it quite a few years ago but i am here to tell a couple of facts also what what are these companies doing and why they actually are also calling for a strong nature restoration law first as said before we are really in in crisis the biodiversity the climate crisis and our agricultural system model today is in crisis it cannot the business as usual cannot work anymore what i can say is and companies and farmers have also understood it our agricultural our agriculture depends and relies on on nature we need those ecosystem services that they provide and i want to give you also some facts you uh that you are telling me for example one of our members mccain today is telling us that like five five to ten years ago one out of five years was a poor year and this is how the banks would give them credit today one of the five years is a good year and this is due to extreme weather events they have they are witnessing for the past four years a decreasing yield from six to ten percent they have did soil sampling in all their farms in in in france 160 of them the three quarters more than the majority of them are have shown so signs of soil degradation so we can really see that one our so our soils are in poor condition this is affecting farmers yield and this is affecting so farmers resilience and also the business resilience these companies have all taken strong commitment to invest in a new agriculture model that works with nature and the first reason why is this is the resilience of their business so this is this is critical and this is why so so many large companies are working on it today and um if i may another argument that i want to to make a link to the soil health law to the nature restoration law which is important is science tells us that nature restoration will bring more resilience and more importantly that ecosystem collapses if we don't have a minimum 10 percent of natural to semi-natural habitat per square kilometer so we're talking about those hedges those trees those allies those ecological corridor around the fields that are needed for the pollinators and natural pest control habitat and this is a this is a key and important factor and this is why businesses and farmers are actually taking action and are regenerating soils and restoring nature and to give you few few more also positive examples of what is happening first i i wanted to acknowledge the the importance of like there are three important steps that i think companies are taking today where they're advancing and progressive and where they of course can do more one is how can we halt deforestation and so really commit to zero deforestation zero no further land conversion this is really in line with science-based target network um preliminary targets that were published in 2021 the second one which action is about really how can we regenerate soil health and support farming livelihoods there this is a second very important point and and in our coalition companies have all taken strong commitments to really scale up regenerative agriculture uh i'll i'll give for example few example i was talking about McCain as a potato company they have committed by 2030 100 percent of their potato acreage will will have implemented regenerative farming practices um another example could be a denon in France has committed by 2025 that 100 of their key ingredients will be sourced regeneratively PepsiCo has committed to invest in seven million acres in in regenerative agriculture so i just wanted to give those the PepsiCo and you leave either and then on i won't sit next to because he will talk about it later they have all taken very strong commitments to shift the way farmer and to support farmers in the transition so that agriculture and nature can work together uh so this is an important one and the third point which is about not only regenerating soil but also by restoring nature and restoring the graded land and here maybe one another important example i wanted to cite even in the vineyards where i we know how how expensive land is uh meson like mouanesi and so nsc they have actually uh this they started to invest and and committed to plant over a thousand square kilometers of hedges and trees and alias in the cognac region this means taking out wine wine and and putting those hedges and trees and and and you know how much this this costs for them and and the reason why they're doing it is because there is an economic benefit so they've understood that that uh that the nature will bring the climate resilience that they need to extreme weather events so this is why as as a coalition we support the nature restoration law businesses for sure need a fair playing field so this is this is very important and i also wanted wanted to finish by saying we really need to support farmers in the transition and so we are also advocating today the risk of the transition is the short-term risk of the transition is way too much on the shoulders of the farmers and so there is a real need to risk farmers transition with new financial industries public private partnerships new funding uh also uh on top of the one that is available this is important and i can cite also there are a few studies out there from Wageningen University for a latest one from BCG we are publishing also one tonight that is really showing showcasing that there is a long-term economic positive economic case after the gap the transition years which of course for for a farmer be a risk of a yield drop or of a higher cost we see a studies show that it is up to 120 percent increase in profitability for farmers so we're talking about a business a positive business case for an agricultural model that farms with nature and not against nature thank you very much thank you so much Stefania i don't know i mean i know we're running slightly over time but if you had if you had a quick comment to amypiluena or amyp confirm and then perhaps i'll invite you to to head down and and the pan the panelists for the next session to join but i don't know if you have a quick comment before you head out questions okay uh we call call manfred beaver please i mean i mean i was ready about to say the more or less the equivalent reach out to people here in this house i mean don't keep it exactly as you said to reach out to epp members to renew members i guess it's less useful for green and socialist MPs but reach out to them because we can win i mean we can win this battle i'm not saying we will win this battle but we are close to win this battle okay because we know that part of the epp is not sharing the idea that everything should be thrown away so that's why we can win this battle but we need you very shorter thank you thank you there was one quick question i can only take one i think but sorry did you have one over here can you introduce yourself please sure that is working my name is louise guillot i'm a reporter for political and i've been covering the natural restoration regulation and so i have um one quick question for h m e p uh to mr confin i'm wondering whether you've you've given up on trying to find a common and unified position for for the renew group on this on this file and to mr luana um how do you intend to to bring the epp back uh on the table of of the negotiation considering that both the the agree and the press committee have clearly called to reject to reject the proposal thank you so for for a very political question sorry for that uh so we are working so i haven't given up as you said uh but on the contrary we have launched a process decided yesterday within the nv team of renew to go as united as possible so this will go up to next tuesday where you have your final negotiating meeting and where we will come back to cesar with concrete request from renew that will bring us to be able to support and then to win at the end if i knew this answer the things will be very nice i think uh we need um first to consolidate our positions in the block of negotiation let's win s and d renew and after that i think uh we are in in other hands really in the hands of a fight inside pp european pp between usula wonderlayen now better better between manfred beaver and usula wonderlayen that i think is passive fighter in this in this course and i think we um we deserve a conversation and negotiation between them both of them because we are in the table many files and i am ready and i read these these days that other politicians of different political groups uh leaders real leaders of the european union like president macomb and said uh maybe we need a more slowly work slowly rind sorry for my vocabulary in english um with the european green deal okay good then put in the table or on the table the files and we have soils we have pesticides we have genomic techniques etc etc we have not the resolution law what is the priority i think not not for me but i think with um objective with a neutral vision i think the priority is the restoration the nature the biodiversity the ecosystems them maybe is a solution a negotiation inside the pp and a conversation about okay but what the files are priority i think this and i think it's all okay well thank you very much i think we should now end this part of the discussion now and move to the panel i'd like to thank all the panelists so much for joining us and um and uh i'd like to invite the um the the the next speakers to join us up at the up front please thank you and i also know there are some sandwiches in the room if you're starving you know perhaps you can pick one up as we speak you know not all at once maybe you know but uh just to there are some sandwiches and some and uh thank you so much yeah so the next part that we're moving to is the panel discussion on addressing today's climate nature and energy poly crisis to build a resilient european economy we have just noticed the importance of food as everybody has run for the sandwiches but they you know i think we can just gently settle down on the panel and be uh be uh ready to hold on okay so we just wait for the the panelists to settle down i think we've got a really exciting mixture of panelists um from the the commission to a number of different uh leading businesses but also um associations and and uh and uh and NGO birdlife who's been working very uh hard on this topic as we can imagine and so clearly um the nature restoration law is a key element of the green deal which calls for binding targets to restore degraded ecosystems um and it could also build up europe's resilience and strategic autonomy preventing natural disasters and reducing risk to food security so i think um in a minute or carolina when you you've settled in thank you so much for joining us carolina de cunez the the deputy head of unit for natural capital and ecosystem health from dg environment so carolina um if you could uh present the commission's proposal but also the the climate economic benefits of nature restoration because you know we've been hearing from a lot of businesses that really believe uh or or concede um the importance of dealing this with this also to reduce risks in the longer term but i mean it'd be great to hear from you carolina on your perspectives of this i hope you yeah is that okay if you got the yeah sure thank you very much can you hear me well i also feel i'm a bit low compared to aria here but uh i tried to straighten up um so yes indeed uh it's a very timely meeting with the the recent news from the the two committees but uh of course we're going on and we're looking very anxiously at what uh the envy committee will say uh very soon and then of course the plenary so um this natural restoration law that we proposed almost a year ago in june 2022 is indeed a groundbreaking proposal that the commission managed to to put forward uh to protect but mainly to restore nature and as already said it's uh one of the key deliverables under the biodiversity strategy but also under the european green deal and the aim of course of this proposal is to stop and to reverse the alarming decline in biodiversity and it has very important component and that is the climate change aspect where all these targets and goals of the nature restoration law are also crucial to enhance climate mitigation and adaptation because nature stores large amounts of carbon and we needed basically to to meet other objectives so why did we propose it uh Cesar already said why we did it uh i think we're all aware uh nature in europe is not doing well it's in bad state and it's deteriorating it's been deteriorating for many decades and uh and there's a plethora of studies that confirm this fact um one could ask why does it actually matter especially those who are not particularly nature lovers um do i need nature well yes i think we are all very well aware now especially after this morning uh that restoring nature is not only for the sake of nature itself it is basically for our own survival on this beautiful planet and it is essential for the economy without nature we will not exist we're part of it um so it's uh i think it's a rather rhetorical question these days i hope um now we need of course nature for the functioning of um of the site of the economy um because nature provides innumerable ecosystem services for free theoretically but i think we will all start paying the price um for these services once the state of nature deteriorates further so what did we actually propose in that law uh you probably are familiar with it but just very very briefly we set ambitious targets for nature restoration in our view and i think the votes today confirm that they're um quite ambitious to at least some um we are proposing an overarching objective um on nature restoration so 20 percent of land and sea by 2030 needs to be restored and then all ecosystems in need of restoration 2050 that is a slightly different target than that then later on agreed in montreal but um they have a different construction so they're not directly comparable but i think ambition wise they are probably uh comparable um and then we propose specific targets for a range of ecosystems so for um agricultural ecosystems for forest ecosystems urban uh we propose targets for reverse targets for marine ecosystems um also specific targets for pollinators um so there are different types of targets um in the law um but it has a lot of um flexibility for member states to actually decide where to put restoration measures when and what kind of restoration measures they are supposed to to implement as long as they meet certain requirements such as for instance achieve a positive trend on the number of key biodiversity indicators such as i don't know deadwood or bird index etc so member states will then be required to adopt national restoration plans and these are very important documents because they will uh set out where uh the restoration will take place uh what are the planned restoration measures uh what are the intended means of financing those measures um the expected benefits and co-benefits especially in terms of climate change mitigation and adaptation um they will also have to specify the number of other things um importantly maybe um to mention um they have to be coordinated with a designation of so called now they're called acceleration areas for renewables so a lot a number of different aspects have to be considered in those national restoration plans um and then um again I would like to underline that this law is not something unique what is unique at the moment but we already have a target also adopted globally and it's an ambitious target so if we don't have the nature restoration law um it would be very difficult for the EU to report on that target to monitor progress to track progress and also to deliver basically on that global target and it's not a target for the EU that the the the target that was agreed in in Montreal each a member member state has to also deliver on that target so I think that it's very clear that the nature restoration law will help with that now specifically on the cost and benefits as I was asked to refer a little bit to the impact assessment maybe it's not the most exciting part of today's discussion so I will go quickly through that but before I go into the actual proposal just to recall uh that uh very famous number I think already now um the report of the world economic forum uh is quoted very often by um my bosses by uh uh policymakers that say that more than half of global GDP is heavily or moderately dependent on nature and its services half of the GDP so if we close nature we close the economy um there's a lot uh that can be gained a lot of benefits investment opportunities in very different areas where restoration can take place several were mentioned already today organic farming agroecology sustainable forestry ecotourism integrating nature-based solutions in green infrastructure in urban areas um these economic activities are picking up and there is a lot of business opportunities there are a lot of business opportunities there now specifically on the proposal which of course that's very concrete targets for member states um we have had to measure the cost and benefits of those concrete targets within the time frame's proposed and we made a calculation on those which very clearly demonstrated that there are multiple benefits from restoring nature and they by far outweigh the costs so it is an investment in the sustainable future there will be costs but the benefits are much higher and they result from the improvement of um the improvement of condition of ecosystems will then result in um much higher yield of those ecosystem services so reducing um pollution temperature climate change mitigation adaptation better soil quality etc etc um just to give you a very quick number uh from the impact assessment we had the best data on the ecosystems for which we set the targets um which are already covered by so-called annex one of the habitats directive there are different types of targets i'm not going to go into that but estimating benefits on those and focusing on carbon benefits alone already gives a figure of benefits in the order of one thousand eight hundred billion euro with the cost of a hundred and fifty four billion euro so it's basically a ratio of benefit to cost being eight to one so it makes a lot of sense to invest um the climate targets and the carbon benefits are also very important uh from the restoration that was planned under this law we could sequester um in the order of magnitude uh an equivalent of annual greenhouse gas emissions of Spain or uh annual combined emissions of the bin lex country so this is the annual saving that would result from um this and if these big figures don't speak to you um they kind of maybe a little bit hypothetical and high level i always like to quote uh this number uh this example of one single tree a young healthy tree um has the net cooling effect that is equivalent to ten average size air conditioners operating 20 hours per day so that's just one tree i think that is something very easily um imaginable yes that speaks to to the mind so just one last perspective the cost um past citizen uh that came out from our impact assessment of um implementing this law was around 14 euros per year so i will leave you with these numbers um and a discussion of whether thank you yeah thank you so much Carolina some really striking numbers both in terms of impacts um more broadly and to to people um thank you so much for your patience i think the next person we're bringing in is tim christofferson who's been patiently um waiting online um so tim is is the vice president of climate action at sales force so our question to you is really about your strategy to to boost private sector support for nature conservation and restoration and and it would be great to understand why you as a as a as a software company why this this matters so much to you and just to note that you know i know we started a little bit late so i think if everybody could keep to around five minutes to allow some time for questions that would be ideal but thank you so much tim and hopefully we can hear you go ahead let's see if this works thank you and thanks to CLG for organizing this timely meeting so sales force for those of you who don't know um sales force we're a leading provider of cloud software applications we help um companies of every size globally with their customer relationship management based on power of automation artificial intelligence real-time data and flexible work we have a global community um driven by shared core values so we're more than a business we see ourselves as a platform for change we're operating in europe since 2000 and currently have about 10 000 staff in the EU with offices in 12 member states sales force has been on the sustainability journey for over a decade um it's one of our core values alongside trust customer success innovation and equality we reached um 700 million US dollars in all-time philanthropic giving this year and last month we launched a comprehensive nature positive strategy as a new addition to our climate action plan and in response to the global biodiversity framework we're now discussing with many of our large customers in the US in Europe um how they can emulate that strategic and comprehensive way of a nature strategy for example in the trillion trees initiative with world economic forum and 82 other companies we're aligning how we can best invest more funding into nature and specifically forest conservation and restoration and here i'd like to quote two other facts from the study that Carolina mentioned um if we shift the economy from a economy where we degrade ecosystems to one where we restore so a nature positive economy that is estimated to generate 395 million new jobs 10 trillion dollars in new value globally by 2030 and the UN environment program estimates that each euro spent on nature restoration can generate up to 30 euros in return for economies so why is sales force engaging on nature so first of all um most data centers rely on freshwater ecosystems for their cooling so there's a very direct um impact for technology companies but more importantly for sales force we would like to support the more than half of our 150 000 corporate customers globally for whom nature will be a material issue so either for their supply chains or for upstream stream or downstream risks so um we lead with our nature positive strategy by example we've done a tnfd based assessment of our own nature impact and dependencies that's the task force on nature related financial disclosures and we've supported conservation restoration globally for example through a hundred million dollar ecosystem restoration and climate justice fund that we launched in 2021 we've also committed to conserve restore and grow 100 million trees by 2030 and we support tens of thousands of our customers on their net zero and nature positive journey including with our technology so we're very excited that the EU can become a global leader in restoration in response to the global diversity framework because nature restoration is quickly becoming a multi-billion euro global market and business so let's recall that even just as at cop 15 we saw the launch of 1.5 billion euros worth of new nature-based investment funds these are commercial investment funds and many new ones have been added in the past months partly for carbon credit generation but many also for regenerative agriculture i know we're short on time so let's maybe just like to close on a on a personal note because in addition to being the vice president at a global software company i'm also a family farmer my family and i run a 35 hectare farm here in southern danmark and like thousands of farmers across the EU that doesn't pay the bills i wish it would and that farmers were paid fairly for the food that they produce we are now transitioning to a highly productive new system called agroforestry is a polyculture system which can be supported by the common agricultural policy there are many other funding opportunities for regenerative agriculture our main concern and that of many of our neighbors here is that we will require more workers than there are right now in agriculture so we need a generational shift to lower the average age of farmers in the EU and this generational shift and to put it in very simple terms includes that we make jobs in agriculture cool again and this is part of what regenerative agriculture what nature restoration does it is a necessary generational shift thank you very much again for the opportunity thank you so much to him and thank you for that that personal story as well i think it just really demonstrates another aspect of the debate um i think uh and i'd like to pass the the floor to elizabeth elizabeth hoffman is the head of EU affairs at valox which has a it's a company that you many of you know well because of you know your own homes but uh you have a 1.5 degree aligned science-based climate targets but you also work with wwf and others on forest protection on restoration so we see that you have a systemic approach to nature future people and climate but it'd be great to hear a bit more from you about how you're working with your value chains what the key challenges are for your company in implementing these nature and climate objectives and you know how the nature restoration law could be important in supporting that transition thank you thanks so much was a lot um yes thanks for having me join that very timely discussion today so a few words about valox in case you don't know who we are global market leader in roof windows and we always say that we bring or create better indoor environment and i'd really like to bring the perspective of the construction sector because a lot of the focus for obvious reasons is on agriculture uh also at the event today and um so for us nature restoration is is critical and we also think that we actually need to go a step even further and start mainstreaming nature protection in EU legislation to really align the objectives that we have on growth with climate and also with uh with nature now i come from a sector that is rather slow uh to change to to long-term investments we're not a fast consumer product um so changing the status quo is not something that is happening overnight but at the same time we know that we have to take action because 50% of global raw materials extraction actually goes into the built environment and we are also responsible for one third of overall waste that is being generated and that is only going to further increase given the need to renovate our buildings to meet our climate objectives but also to improve living conditions so the key question for us as a company is really how can we reduce our CO2 emissions also deliver on the much needed renovation wave and also at the same time protect nature now many argue especially this week that the nature restoration law doesn't come at the right time that it's too much that it's too fast that it's too soon which is actually also an argument i hear often when talking about the energy performance of buildings uh directive and so on the contrary we think that we need these legislations now to send a clear signal um that the business as usual approach no longer works and that we need to think about new business models and also about partnerships along the value chain um because also at the looks our focus has been mostly on the impact on climate in our value chain and we've also now started to better understand the impact on nature and where we can make a real difference but we're still at the beginning and i would like to highlight just a few of the things also that you touched upon um so by 2030 we've committed ourselves to reduce our scope one and two emissions by 100 percent and to have our value chain emissions and that's really where the challenge lies because that's where 98 percent of our CO2 emissions are and most of it is linked to the materials that we use so the shift to low carbon and where possible secondary and recycled materials is really critical for us and that's where we need other companies in our value chain to go with us because alone we cannot achieve that and that's why we recently started a few partnerships along our value chain to actually get access to low carbon and recycled aluminium and steel that's just the start but more has to happen in that regard and then in addition to our future CO2 emissions we also committed ourselves to to capture the equivalent of our historical CO2 emissions by 2041 and we're doing that through a 20-year partnership with WWF investing in forest conservation projects in tropical landscapes which have a high biodiversity value. All of the carbon that is being captured is donated to the host country so there's no offsetting involved this is just for past emissions and I'm aware that this is not a nature restoration project in Europe but still I think some of the learnings that we had there may be helpful also for the discussion we're having here now because forest projects in the name of climate mitigation have done a lot of harm in the past maybe sometimes more than good because the focus was too narrow focus on just carbon credits and disregarding biodiversity so it's a clear strategic framework to enable action is important because there is a lot of companies that want to take action but they have not done so because of the complexity and also the reputational risk that is actually involved because from a company perspective these projects are really high risk because there's high costs involved it's a long-term nature and there's also this uncertainty of actually working with nature because that's not our common let's say home tariff what we're used to doing and that's where we think the nature restoration can really make a difference and finally just going to the construction sector like we also work for decades to actually try to show that we need to move more towards sustainable buildings and really start rethinking how we design and build because we often hear the argument that it's simply too expensive and that we cannot do it now and so we just finished the construction of living places which is like a building prototype in Copenhagen to showcase that with the technologies that we have today we can actually build energy efficient decarbonized and healthy buildings which are scalable and also affordable so to basically show that things are possible and we need to stop like saying that um yes we need more time I end here thank you so much Elizabeth and nicely on time as well so yes um thank you and I think now we'd love to hear as well from Bart van der Waartere who's the vice president for corporate communications and government relations at Nestle and to understand a bit better the journey that you have had in promoting regenerative agriculture and restoring nature and some really exciting lessons from the models that you've done in terms of how this can be replicated and understood in terms of implementing the nature restoration law so it would be great to hear a bit more about your practices on nature restoration and and how you believe it could increase the resilience of the food sector thank you Ursula um so no need to introduce Nestle so I would say we depend 100% on nature for our raw materials so mean nature under pressure we are under pressure that's very clear I would say look to coffee if we don't intervene in 25 years from here we will only have half of the area where we cultivate coffee now will no longer be suitable huh so that's quite quite impressive so and then you know that two-thirds of our impact in our supply chain on climate on biodiversity comes from our agricultural ingredients so basically you have the two sides the victim and the contributor and so this is why and Pascal Kanfem was saying okay the company should take action exactly net zero we we take the net zero commitment and we are very much open to these market driven mechanisms that he was also mentioning um what is very clear if we want to achieve net zero we will have to restore and regenerate the nature that's very very clear otherwise it's a no go it will have to be done with those nature-based solutions Stefania you mentioned many of them already and also with new technology um both of them will need to work for the nature and will need to work for the farmer um first maybe the farmer um I think we will fail if we don't have the farmer with us we see what's happening here politically speaking if we impose things on them it will go wrong I think we as humans we have imposed many things on nature it went also wrong so I think let's not forget this lesson this is the reason why regenerative agriculture is so important because we believe that is the middle ground because with regenerative agriculture you can keep your business your farming business successful for sure we have proof I will give you some examples and secondly it's the way how you restore nature so you have those two wins in one go with all the co-benefits um in practice one example a farmer uh that I uh came across is part of our wheat program so for our breakfast cereals basically he embarked seven years ago on the program actually I have to say he was forced to embark on it because he realized that he was confronted with black grass I don't know if there are experts here but basically black grass is really an enemy of cereal production so if you but then he realized that with pesticides 40 of them are completely resistant so he cannot fight any more black grass so he needs to do it with nature and not against nature so basically he on boarded with us with our agronomists we have some 5000 all over the world and then through our suppliers many many more so we basically looked with him what can work here on your farm what can you do which of the practices that we know cover crops rotation all these kind of things intercropping what can really work for you and so we tested he's seven years the disadvantage of agriculture is let's not forget you have one chance a year basically so he got seven tries he has no successful business he realized that he's using much less pesticides much less fossil fuel inputs and so it's not only successful in terms of productivity but also in terms of profitability and that's also quite interesting because that's what you want no examples like like like this farmer we have everywhere now in Europe France is a very important country for us because we get a lot of raw materials from there so we double we will double the actors this year from 15 000 to 30 000 actors where we have regenerative agriculture we should go to 20 percent already there we want 20 percent from regenerative agriculture in 2025 half by 2030 we are at seven today so still a lot to do I think nature restoration law would come in very positively to accelerate the uptake of regenerative agriculture and finally I would say and this is the learning also from working with the farmers productivity goes a little down or there is a risk for it to go down in the first years and this is where we need to help where we need to support we can do it as privates but we we don't own all the supply chains I mean we are rather small so in the end we need also to think the public money that we have how it can be used and if I look at the US in the era we talk a lot about era 20 billion is going to regenerative agriculture in Europe we have this industrial plan there's nothing it's clean tech but where is the resistance in the politicians it's in agriculture let's let's think about it we I think we did it wrong we think we keep we try to keep the clean tech industry here but we didn't didn't think about the farmers and how we transition them so ultimately what we did with food drink Europe our organization of the food manufacturers and drink manufacturers we said let's think for the next commission on a plan that accompanies all these legislations to basically build a food investment and resilience plan that comes on top because we have to say it the cap is income support and they will fight till the end by the way I'm a farmer son and my brother and my sister are they want to keep that money for income support we will have to find a way just like the US to bring in new money and really to say your first three years when you transition how you you have this money we cover the risk for you and then we will transition and then you don't need any more that money and I think that's very important we have forgotten that unfortunately but it doesn't mean that we need to throw the baby away within that nature restoration now we need it but we also need the accompanying measures thank you so much but and so in fact yeah a lot of family history with farming as well and I think this is one of the personal parts of this this law I mean all of us are connected somehow to nature and farming as well and so I think we've heard from a technology company we've heard from company engaged a lot of energy efficiency and and also in the food sector but but now I think it'd be great to hear from the renewable sector and and and from Paul who is going to talk to us a bit about the work that your electric has been doing I mean in a recent letter with the nature conservancy explained about the complementarity between the challenges that the importance of how you balance or how you work together on accelerated renewable deployment alongside that you use nature restoration objectives so it would be great to hear a bit more about this from you because I mean of course we've also heard about some of the challenges but it'd be great to hear a bit more about the complementarity and I'm sorry I think we couldn't show the slide that was some issues with the the streaming but please yes go ahead thanks a lot Ursula for the introduction and yes I'm Paul from your electric we are representing the power utilities the electricity utilities of Europe and not only renewables we represent all technologies but of course renewables are at the forefront on the biodiversity bait of course because there's so many of them installed right now so yeah I think I'm one of the few here maybe from the power sector but we are both maybe cause and cure of of climate policy controversies in the past we were polluting and now we are decarbonizing and electrifying so just also to bear in mind as a backdrop the biodiversity crisis is mainly triggered by climate change so if we don't tackle climate change seriously we can do whatever we want biodiversity will be at loss so that's why it's so important for us to to create this complementarity as you said Ursula so this is this is also important to bear in mind about the dimensions of of decarbonized power production that we are about to to install if we are serious about tackling climate change so it is if you look at only a 2030 perspective it is only seven or only it is over 700 gigawatts of new installations of wind and solar new and most of it is not somehow in industrial areas or anything but really out there so these are just two two technologies I'm pointing out here but there will be a lot and there will be conflicts and there will be social acceptance and there will be biodiversity debates and all of that around it so we need to be we need to be aware that if we don't tackle this constructively the climate and the energy transition is not going to happen by 2030 already we can forget about it so that's why this complementarity is so important and there is a lot of good practices already out there and it's good to give some examples I believe so just take one technology which is which is really growing exponentially which is offshore wind for example one measure that is and that just came away doing it effectively is if you have offshore wind farms you're increasing biodiversity because they serve as an artificial reef for many you know fish and maritime species that would otherwise be gone from the area so it serves as a refugee area for juvenile fish as well this all has been discovered on the go basically nobody has really planned it you know but it's important to to point this out as project developers and also important communication is so important with the relevant stakeholders I believe there's a lot of policies out there that we are trying to implement with good intentions but we don't communicate properly if we don't involve the stakeholders affected in the area in the communities and be transparent and and inclusive about the project about its consequences good or bad this is where the penny will drop we are just living in a world that is quite populistic right now with lots of current effects so we need to face this and this is probably also something that Mr. Kanfan Luena currently facing you know so just to be sure we're absolutely in favor of the nature restoration law and we would like it to go well you know it to happen basically where for us the the important fact will lie in its implementation is basically that we're even you know coordinated approach between the national energy and climate plants at national level the the renewables acceleration areas that we have just decided on in the renewables energy directive revision and the and the provisions of the of the restoration areas in the in the hopefully coming um nature restoration law so if this is coordinated and not working and kind of or played out against each other at national level this will be the right approach and again communication is key uh if you look also you know at misconceptions that we have out there we have over one million of artificial barriers in our waterways in our waters in in europe less than 10 percent are basically hydropower related you know i know hydropower is very much on the on the front of you know controversy here um so a lot can be done already without uh without yeah kicking the baby out of the bathtub as as the previous speaker said i'm mentioning hydropower because it is actually a renewable technology and it has this wonderful characteristic to be actually predictable and you know dispatchable as we would say in the power sector so you can always use it you don't have to wait and hope for wind and sun to shine or to blow so uh this is this is important to point out and so let's make this as nature restoration uh law work in an inclusive way also together with the other legislation that we have in in the pipeline or just about to be to be passed at at european level and then it can work then we can do climate change energy transition and nature restoration together if you pick one out it won't thank you thank you so much paul um ariel um so i know you've been patiently sitting here through a while now and i know it's you know you've had a quite a busy period recently so thank you so much for joining us ariel brinner is the director at birdlife europe and central asia so it'd be great to hear from your perspective i mean having listened to this discussion to lay out your expectations and your thoughts based on this well i think that uh what we've heard so far makes the picture uh very very clear we have here a very clear choice between on the one hand uh the policy of fear and division and a policy of hope and a positive project for the future and we cannot allow the politics of fear and conflict and division to win because well first of all there is a a moral issue there the the living world is dying around us and the science is very clear another study came out just a couple of days ago about the half uh half a billion birds that have been lost and pin points in too intensive agriculture in a very very clear way so there is no doubt about what is happening out there um but even for those people who do not have that sense of morality to think that a world with no birds and with no butterflies is not really a world worth living in and that we have a sense of responsibility it's actually quite shocking that uh you know the epp should maybe go back to their base and listen to people like the pope and listen to you know what are the values that in theory are supposed to underpin uh the walks because some of the of the kind of uh moral including religious leaders are saying very clear things but even if you really don't care about that level of deeper morality just in terms of survival of Europeans in this century whether it's individually or as societies including businesses we are not going to survive it without dealing with this twin challenge of climate change and biodiversity and the idea we've heard some politicians saying oh well we should give priority to climate now you cannot go to net zero without nature people have said it it just doesn't work the numbers don't add up now we will need to do all of this stuff there is no option of not doing it the only question is how many people are we ready to kill before we do what we all know needs to be done and the second question is are we going to do it together as Europeans in a way that allows us to minimize conflicts and optimize the synergies or will we do it in a piecemeal way which will be heavily suboptimal those are the two questions so very uh very concretely uh there is an issue of you example in the international scene you cannot credibly ask Indonesia or Brazil to keep vast areas of their land under tropical forests if we here are not ready to even give nature field margins nobody will believe it food security we will have some countries in Europe and some companies that will do what needs to be done when you start losing now we had last year 50 losses in things like maize production in vast regions of France and Italy this year is likely to be worse when you start having that kind of crop losses food security will be on the line and as long as you have a market functioning nobody will be shielded of course the poor people will suffer most but it will be distracting everything for everyone even if you have done all the right thing as a company or as a region or or as a sector um and farmers will be the ones that pay the highest price floods and storms and fires are already look at what is happening in Italy at the moment when the flood comes it takes away everything look at what happened in this country two years ago the floods that have destroyed cities here and in Germany were coming down from the drained pitlands that were drained from intensive forest and intensive agriculture if we don't reweight those areas those floods will come ever more frequently and they will take away your factories they will take away your businesses they will take away your clients and they will take away your sons and your daughters it's that bad now there is also a more positive agenda there is a lot of people who want to invest in biodiversity i've just spent the last few weeks in scotland where there are some really fantastic rewilding projects that are funded by the private sector now people want to spend the money but they need a framework because if you don't have the framework you will get more conflict you will get people who want to do biodiversity or want to do carbon and they will buy the land and the local community will hate it and so on and it will be done without consultation and sectors will be outcompeted by other sectors and people will compete against each other so we really if we want to attract those investments to Europe and attract them in a benign way and have good carbon projects that are not just seed caspus plantations that will all be blown up by the wind or will burn and all the carbon will go back where it came from but will be robust carbon stocks we need to do it properly from an ecological point of view the restoration law is the opportunity and it won't come again quickly to create that framework where we can decide what we want to do how to do it consult people put it on the map and send very clear signals to the private market about where we want to go and that will also allow us to do forward planning on things like renewables where we can look at places like the North Sea and say where do we want to restore the ecosystems so that they also produce the fish that the fishermen still keep fishing where do we want to fish and where do we want to do the wind farms and how do you make all of this all together it's a huge opportunity it's on the line today we need you to get your CEOs and your presidents and whoever has a voice to call ministers prime ministers and members of parliament because at the moment they are only hearing the voices of those very backward lobbies who are just afraid of change and keep scam mongering about the fact that any change is bad now the sad thing is the change is already happening ecological collapse and climate change are forcing the change the only question is not about whether change will happen or not or whether we'll be fast and slow it will be fast the only question is are we ready to govern the change or are we going to just induce thank you thank you very much Ariel for that passionate intervention and I think really clear point about the real need and the opportunity in putting together the framework I am conscious we're running slightly over time I believe we have a bit more time in the room so if you have a little bit of patience we could go quickly to a response from the shift and then we could take a few questions before finishing up with the concluding remarks so I'm very glad to have Bart Corrain here from the shift and he would he's going to provide a perspective from his network on these topics so go ahead thank you very much for this interesting debate and the number of viewpoints so indeed I work for the shift we're a non-profit network around sustainability we have about 500 members two of whom are even in the debate at the shift I'm responsible for our biodiversity program and I would like to share some some observations what we've seen there when we launched this about four five years ago it was really difficult or quite difficult to get our members attention to this topic this has changed dramatically in the past two years it's now rising really to the top of the sustainability agenda of a number of our members a lot faster than than we thought and in my opinion there's a few reasons for that first of all a number of our member companies are realizing that nature is a material issue for them very material be it for the security of their assets be it for the resilience of their supply chain it is simply impossible to grow a number of products if the right environmental conditions are not met secondly there is for those companies an increasing pressure also from stakeholders and I'm not referring even though they they are obviously a stakeholder as well I'm not referring to the usual suspects such as environmental groups but investors are really taking a look at this in a recent survey among 300 institutional investors more than half indicated that by 2030 biodiversity will be one of their top topics in their investment policy so it is on their agenda as well and thirdly and that point has been made several times here companies do realize that the climate crisis and the biodiversity crisis cannot be solved independently more than 50 percent of man-made greenhouse gas emissions are absorbed by nature that's a huge number and it's an easy solution in a certain way so to come back to the core topic of this meeting I think the EU nature restoration law really reinforces and complements the work what businesses are doing and gives a strong signal that nature should be really taken into account in business decisions as well thank you so much but I don't know if there's any questions in the room I know that there's been quite a lively debate in the chat online in the meantime and one of the one of the questions really is a bit about how do we support farmers through the transition you know what is the funding framework how do we do this I mean we know that overall the the investment benefits are huge but of course if you're a farmer in the short term maybe there could be some other aspects so maybe I can ask Carolina if you have any views on this or if anyone else would like to to come in on that point but perhaps if I start with Carolina that would be great and in the meantime I'll pick up if there are questions in the room I'm happy to pick them up afterwards well I'm not sure I'm the right person to answer on that specific question for for the nature restoration law in terms of financial support we have not provided any specific provisions this law basically as it stands now relies on the the available financing tools that are there including the cap the common agricultural policy so the support that is available to farmers through the cap of course can be then used also for nature restoration as well as also for foresters for fishermen so these are the the the mechanism that there are but obviously then the devils in detail cap is also very high level sort of policy then the implementation boils down to how it's done on the national level on the local level and we know I don't want to now go into the debate about whether cap or not should reform etc that's a whole new story but we know that it's maybe not optimal for to reflect the transition that needs to be done it needs to look at the whole chain probably we need to to to have a bit of a thinking on how how to better accommodate all these challenges the farmers are under a lot of pressure it can't be that you know that they get a fraction of the price for the kilo of whatever produce they produce and that the consumer then pays so where where does all this money go and some should also be then returned you know to to to maintain the the ecosystem services but it's it's a very complex matter that's the environment of course we always try to influence as much as we can the the possibilities to green the cap but for the time being we have this tool and there are options there there are opportunities there that can be exploited if cap is implemented in the right way and there I also would like to add just very briefly that it's not like you know members they have to prepare these cap strategic plans where they basically program how the money will be spent and they are reviewed on later on you know on regular in terrible so we keep advocating like do it just take this money also for restoration because it can be done but it needs the right intent incentives as well thank you Carolina I think maybe we'll go quickly to Bart and then to Ariel and then perhaps we can wind up right now very much in agreement with Carolina I think they deserve support there is support in cap you could say nevertheless I think in retrospective if we would have done this maybe in a better way we could have with the farm to fork strategy have started with the framework laying down the framework the food systems law should have been there in the first place defining what are the gaps what we need to close what are the accompanying measures how we are going to use the cap and things like that and if not if we cannot use the cap how we are going to put additional pockets of money specifically directed at this because now we have what we call eco schemes and I think Ariel you did fantastic studies on that well they are not helping too much because there is like one practice check the box and you get the money but you don't do regenerative agriculture with that so this is why I was saying European Union should certainly look at a more holistic approach on this like the US is actually starting in a different way they put the incentives and they will see how it will will get used there and there is I heard there is thousands of people that they recruit in the US government locally just to make sure that the money that they put the 20 billion there will land with the farmers that are doing this it's completely different than the way how we are doing it with national national strategic plans so I think let's review that as fast as possible no we are late in the term so as I said let's do what we have let's build a nature restoration law but we need to look at the enablement and the investment for the farmers as well thank you and Ariel go ahead yeah so first of all it's quite striking that it's the same MEPs that voted yesterday to kill the restoration law who killed copper reform two years ago so there is a very cynical game to be played here that is being played here where first you prevent the use of CEP for change in agriculture and then you say oh we cannot change anything because the poor farmers need help who prevented them from and behind it there is the fact there is a lot of money going into agriculture it's that 80 percent of it goes to 20 percent of the farmers a third go to one percent of the farmers and it's typically not the ones doing the right things and not the ones trying to change now this is a political choice of the member states now there is a silver lining there under the current CEP member states are allowed to do with cap money whatever they want whatever they want and the commission has approved anything so they can also change it every year so let's pass a law that at least sets up what are the changes that we need and that will give an incentive to agricultural authorities to start using the money instead of wasting the money which is what they are doing at the moment that's one answer the second answer is that there is a lot of market coming from the market that wants to go into biodiversity conservation and carbon stocks let's give it the framework and then at least we'll make the most out of this market money which will go to farmers and foresters and the third thing there is a case for EU spending dedicated we need a restoration fund now that's why we do want to see in this law the commission didn't propose it but let's amend it parliament and council can do it put in a paragraph that requires EU co-funding and that would be a hook in the next EU budget debate for creating a proper ecosystem fund which makes a lot of sense so again the solution is to make things happen not to just break everything and sit down and then say it's broken thank you thank you so much um i i'm conscious that we are quite over time but i i think i'd love to bring in gonfalo santa mayera who's the president of the the spanish green growth group who has been patiently you know following this discussion uh from from spain so i'd be be wonderful to have your your concluding remarks and maybe keep it to to five minutes or so and then we can wrap up and perhaps have a final cup of coffee but thank you so much gonfalo please go ahead okay good morning from from madrid thank you for inviting us and and apologize for not being able to participate in in person the spanish green growth group is a leading business organization that gathers more than 50 of the spanish stock market including key actors big actors medium actors and and small companies across all sectors of the economy energy finance transport industry wine so the spanish green growth group has among its funding goals to adopt ambitious business approaches towards ecological transition supporting edu nature and climate ambition and their alignment with the climate parties agreement and the biodiversity framework agreed on the cup 15 in in montreal so in this context i would like to take the opportunity to share with you three remarks first businesses require clarity and long-term policy signals to substantially investment required in this transition to a truly sustainable competitive and resilient economy second the legal proposal for an edu nature restoration law provides an important opportunity to promote a productive resilient and healthy economy and society from a productive perspective nature restoration is not for us a net cost but a unique opportunity so investments in nature restoration provides a return an economic return owing to a broader benefits delivered through ecosystem systems restoration improves ecosystem resilience and ecosystem restoration can improve health well-being and quality of life for people and the third remark is that an effective implementation of the nature restoration law will require an intense engagement of member states and local communities so a local based perspective on the actions of benefits and and a more agile administrative procedure i think this is really important is really important for the wide range of projects of projects and initiatives need to be developed so as a conclusion for the spanish green bloc group the nature restoration law well implemented will make the EU economy more sustainable more competitive and more resilient because there is no from our perspective there is no a sustainable economy without a sustainable environment thank you very much thank you so much Gonzalo and thank you everybody for your patience today and then for allowing us and to provide a forum for businesses across sectors who rely on nature for their operations and to hear from our kind of key experts in the room we really have made a a clear call i think to members of the parliament to continue negotiating this legislation and to see how we can work towards improving it for for all involved and so we'd like to remind about the the message or the the letter that was signed by a lot of networks recently in center to key decision makers this is a really key opportunity to fill the gaps here and we hope that we can all work towards a really good outcome on this that can provide the framework that we need in the next few years and i'd like to thank everybody for for their for attending and also again to says alain's office for all their support final message on the administrative note i think we all have to leave together so please leave with the assistance but thank you all for your for your patience and we look forward to keeping up the discussion in the next period thank you very much thank you