Tough task: Calculating true value of nature

'Better communication needed between the financial and environmental sectors' LAN LAN

Naoko Ishii, head of the world's largest source of public funding for environmental grants, said that economic development and climate change must go hand-in-hand for the world to ensure a global agreement on climate change.

"It is important for the budget planning people at financial regulatory agencies to understand the value of nature, as many of them only look at the economic value," said Ishii, chief executive officer and chairwoman of the Global Environment Facility.