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Banking Nature: will putting a price on nature protect it?

On 23 June, the European Parliament hosted a screening of the documentary Banking Nature, which questions the role that markets play in protecting biodiversity, followed by a debate about the role the EU should play in supporting innovative financial mechanisms for biodiversity protection.

At the heart of the discussion was acceptance that nature is in crisis. If we continue to lose biodiversity at the present speed and scale, the future provision of the most basic of human needs such as food, clean water and clean air could be at risk.

The panel included:

Ms Sandrine Feydel, film-maker, Director of ‘Banking Nature’

Ms Pia Bucella, DG ENVI, Head of the Natural Capital Directorate

Mr Sebastien Winkler, Senior Policy Adviser, Business and Biodiversity Offset Programme, Forest Trends

Ms Jutta Kill, World Rainforest Movement 

Mr Luc Bas, Director, IUCN EU office

Closing remarks were given by Mr Benedek Javor, MEP for the Greens – European Free Alliance and first vice-chair of the Committee on the Environment, Public Health and Food Safety; and Mr Paul Brannen, MEP for the Progressive Alliance of Socialists and Democrats and member of the Committee on Agriculture and Rural Development.