 Good morning everybody, the GLF community and all our friends online and here Yeah, I've been tasked to say or something about how do we reach the sustainable finance tipping point if there is such a thing We know that the financial sector has been a key driver Responsible to the multiple crises that we are facing today Climate change land degradation by diversity laws But we also know that the finance sector has the potential to be an important part of the solution of this crisis Because any of the solution for solving or mitigating or adapting to the major crisis that we are facing namely climate change by diversity laws growing inequity inadequate food system conflicts we require some massive uptrend investment and And sustained financing before we reap the benefits for the environment society and financially We know that the possible solution for this above mentioned crisis Are those that will induce positive tipping point if applied at scale like moving out of silk fuel based Economy into a circular bio economy Removing perverse incentive reducing inequities conserving and restoring ecosystems For all these political will and investment are needed at all scales So we need money Unfortunately, this money is currently spent elsewhere So we have seen positive development in the political agenda as national and international level Latest of these have been the CBD COP 2015 Which also the finance day for the first time and adopted the global by diversity framework This new global by diversity framework includes key targets to increase finance for natural and biodiversity There was also some good progress made during UN FCCC COP26 and 27 With some modest progress in funding the fight against the climate crisis and addressing for the first time the question of losses and damage The financing sector is also showing change in the right direction still there are many Issues remaining and and they all relate to a specific color, which is green So let let me tell you a brief story about various shades of green and and the first of this is a greening of finance We do acknowledge that sustainable finance standards are going in the right direction But it is still too slow and mostly focused on the short term and gearing stored maximizing present profits at the expense of the future The year 2022 was particularly bad for sustainable finance the North American Bank dug in on fossil fuel And pressure the gifas to capulate and dexon manager slow worked on the net zero More than eight trillion dollar were removed from sustainable investment early and the list continues the year 2023 Seems to offer new ops with the UK and European banks leading on net zero The new Biden act in the US, but the jury is still out The other shade of green is the financing green And here despite significant progress. There is still a great finance David Divide this list developing country and able to respond to crisis and invest in sustainable development What 60% of the less developed countries and other low-income countries are no access at high risk of debt distress double the 30% of 2015 we also know that the finance law to that your best solution currently has 150 billion dollar per year is less than half of the 480 something needed by 2025 and only a third of the 480 billion needed in 2030 and Then last point about the green color is the green washing Major finance giants are actively funding economic sector responsible for the Amazon deforestation while adhering officially to Deforestation free pledge. They are that's thrown out many of the carbon offset program based on scientific evidence At if I craft we believe that natural best solution is a sound investment And while the best time to plant a tree was 20 years ago, the next one is now and We have shown to our combined experience that the genetic ecological and social science tell us that selecting three species is good and help and It means that agricultural principle academic agroforestry regenerative agriculture and other Development could work in improving our food system and agriculture overall We believe that taking a system approach Brings many many feet and and we have the proof of concept I mean for an investment of 800 million dollar in the forestry and agroforestry program We have managed to Ends the protection of about 100 million hectares of forest We have reduced about 70 a gigaton of our avoided CO2 emission About 25 million hectare of land brought under restoration if you add all these even at the US 10 dollar a ton The 800 million dollar that were invested in FTA. They translate into 240 billion dollar in Economic returns avoided losses so we can do it if we really want The question that we have to ask is said do we really want it. Thank you very much