Biodiversity, climate change, and the financial sector

This workshop brought together stakeholders from academia, policymaking, and civil society to discuss how EU climate and biodiversity policies affect the European economic sector, and how we can move from parallel agendas to integrated delivery, focusing on synergies, trade-offs and implementation challenges.
Climate change, biodiversity loss, and the European financial sector are linked, yet they are often addressed through fragmented and sometimes conflicting policy frameworks. While some climate mitigation strategies can deliver co-benefits for ecosystems, others - particularly land-intensive options such as bioenergy, afforestation, or large-scale renewable deployment - can exacerbate biodiversity loss if not carefully designed. Meanwhile, the European financial system is exposed to a range of risks due to climate change and biodiversity degradation, which are not yet sufficiently addressed.
The PRISMA project aims to strengthen the evidence base for integrated climate and biodiversity policy by improving the representation of biodiversity, ecosystem services and land-use dynamics. This workshop explored how such evidence can improve decision-making in the EU.