The Global Nature Positive Summit 2024

Australia will host the first Global Nature Positive Summit in Sydney in October 2024.

The world’s dependence on nature can't be overstated. When nature thrives, people and economies thrive too. But nature across the globe is under threat from human activities and climate change. We are losing biodiversity and species at an alarming rate.

We must find ways to not only halt this loss, but repair and regenerate our natural assets.

The Summit brings together domestic and international delegates including: 

• climate, environment and finance ministers
• corporate and business leaders
• environment groups
• First Nations peoples
• scientists and academics
• community leaders.

The Summit aims to drive private sector investment to protect and repair our environment.

It will provide the knowledge, tools and technical support nations need to attract investment. This will assist all nations, especially developing nations.

The Summit will give ‘how to’ guidance for investors and project developers.  This will encourage partnerships to increase shovel-ready projects in developing countries.

It will demonstrate and further develop opportunities for First Nations peoples. This includes informing the design of nature positive activities. We acknowledge their long-standing connections to lands, waters and seas. It's important First Nations partner, participate and benefit from nature positive activities.

Net zero emissions cannot be achieved without a transition to nature positive. These are interlinked.  Key multilateral groups including the G7, G20 and the UNFCCC acknowledge the nexus between nature and climate.

Just so, the transition to nature positive is too big to achieve through public funds alone.

The finance sector is changing rapidly to accommodate nature risks and opportunities. Sustainable finance is a key emerging sector. Systems established to manage the financial risks of climate are providing a basis for managing nature risks. The Kunming – Montreal Global Biodiversity Framework provides high-level goals to enable investment in nature at scale.

The private sector needs clear and consistent rules to implement the Framework. This will assist investors to identify credible projects and measure their value. Maintaining momentum through on-ground actions will be critical to driving investment at scale. The Summit will bring nature positive practitioners and investors together to explore and progress credible, ambitious investment opportunities and the pathway forward.

Australia is uniquely placed to mobilise action on the world’s transition to nature positive. We are one of only 2 developed nations in the group of 17 ‘megadiverse’ countries. This means we have first-hand experience of the challenges of nature repair. We are building expertise and resources to address these challenges and have the capacity to drive solutions that can assist other countries.

Australia has leading capabilities in measuring the value of nature-related economic activity. We are also the first nation to introduce nature-repair market legislation. Our robust financial sector is well positioned to understand nature-related financial risks and embed nature in financial reporting systems. While Australia has much to share, we have just as much to learn.

The Australian Government and the Government of New South Wales are co-hosting the Global Nature Positive Summit in Sydney.

The city of Sydney is located on Gadigal country and the Summit will work closely with First Nations peoples and our regional neighbours. We will learn from their traditional knowledge, care and ongoing stewardship of lands, waters, skies and people.

If you have questions about the Global Nature Positive Summit please submit your query to NatureSummit@dcceew.gov.au.