Foreword We stand at the crossroads of unprecedented urban growth and environmental challenges, and the need for innovative solutions has never been more pressing. Mobilizing new financial opportunities for sustainable urban development is essential, particularly as a shift towards a nature-positive future becomes central to all cities’ continued viability. Cities are the engines of global economic growth, yet they face mounting pressures from population rates, climate change and biodiversity loss. The integration of nature-based solutions into urban planning is not just an option – it is an imperative for fostering resilience, enhancing public health, and ensuring the well-being of future generations. This report serves as a clarion call to stakeholders across sectors – governments, financial institutions, private enterprises, and civil society – to recognize the immense potential of investing in urban nature.While the agenda for urban nature finance is still in its infancy, the benefits are clear and compelling. By illustrating successful practices and highlighting the economic, social and environmental returns on investment, we can pave the way for a transformative shift in how cities approach development. This report aims to provide a comprehensive overview of the opportunities that lie ahead, encouraging stakeholders to embrace a collaborative approach to financing nature-positive initiatives. As we anticipate a future where nature is seamlessly integrated into urban governance, it is crucial to create a robust financial ecosystem for sustainable urbanization by mobilizing resources and fostering public-private partnerships. Together, we can turn this nascent agenda into a cornerstone of urban development, ensuring that our cities thrive in harmony with nature. Let this report be the catalyst for change, inspiring action and commitment from all corners of society.Jeremy Jurgens Managing Director, World Economic ForumNick Studer CEO and President, Oliver Wyman Nature Positive: Financing the Transition in CitiesJanuary 2025 Nature Positive: Financing the Transition in Cities 4

Nature Positive Financing the Tranisition in Cities