Climate Correction™ Podcast

For every dollar the world invests in protecting nature, it spends thirty dollars destroying it. In this episode of the Climate Correction Podcast, host Shannon Maganiezin sits down with two of the authors behind the United Nations Environment Programme's (UNEP) State of Finance for Nature 2026 report to unpack what that staggering imbalance means for biodiversity, climate resilience, economic stability, and the future of finance itself. The numbers are sobering: in 2023 alone, roughly $7.3 trillion flowed into nature-negative activities, while just $220 billion supported nature-based solutions. 

Shannon is joined by Ivo Mulder, who leads UNEP's Climate Finance Unit and has helped unlock more than one billion dollars for sustainable agriculture, forestry, and restoration across developing countries. Ivo is one of the report creators. Ivo co-founded the Natural Capital Finance Alliance and the ENCORE tool, laying the groundwork for the Taskforce on Nature-related Financial Disclosures. Also joining the conversation is Michael König-Sykorova, Senior Project Manager at the Frankfurt School of Finance and Management and a leading expert in climate and nature finance data. Michael contributed to the Intergovernmental Panel on Climate Change's (IPCC) Sixth Assessment Report and led key analytical components of the State of Finance for Nature 2026 report. He iwas lead author on this report and is also a founding member of the Climate Finance and Sustainability Centre at Makerere University in Uganda. 

The conversation begins with Michael walking listeners through the scope and methodology of the report, including how the team defined and measured nature-negative finance across sectors, what qualifies as nature-based solutions finance, and how the two sides of the equation can be meaningfully compared. He shares what the data reveals about trends over time, whether progress is moving fast enough, and how the report's findings were validated through rigorous peer review. 

Ivo then steps back from the numbers to explore what these findings signal about the trajectory of global finance. He examines whether nature-negative investments are starting to slow or still expanding, where the biggest synergies are emerging across the three Rio Conventions on climate, biodiversity, and land degradation, and what governments, public finance institutions, private investors, and financial institutions each need to take from this report. The discussion closes with a look at the financial instruments and emerging biodiversity finance mechanisms showing the most promise for scaling investment into nature-based solutions. 

The takeaway is clear: the challenge isn't only how much we invest in protecting nature. It's where the rest of our money is going. Redirecting even a fraction of nature-negative flows could fundamentally reshape outcomes for climate, biodiversity, and global resilience. 

Resources / Links: 

UNEP – State of Finance for Nature 2026 (SFN 2026) and State of Finance for Nature 2023 (SFN 2023). 


Interconnectivity between climate, nature & climate risk (including impacts on GDP) 


IMF 2024 'Embedded in Nature' 


SwissRe 2021 – The economics of climate change: No action not an option 


Klusak et al, 2021 – Rising temperatures, falling ratings: the Effect of Climate Change on Sovereign Creditworthiness. Bennett School, Cambridge University 


Nature Finance, 2022. Loss of nature is pushing nations towards sovereign credit downgrade and 'bankruptcy' 


Some catalytic finance solutions UNEP has set up and/or supported:  


UNEP: Why use catalytic finance to tackle tropical deforestation.  


About the &Green Fund + &Green: Financing sustainable palm oil in Indonesia 



Restoration Seed Capital Facility (RSCF): video about its structure & video about its support lines 


AGRI3 Fund: a guarantee fund to stimulate forest, food & famers in emerging markets. 


Responsible Commodities Facility: financing responsible soy in Brazil

Florida agriculture quietly underpins everyday life in the Sunshine State, shaping everything from grocery prices and water quality to how communities bounce back after a hurricane. In this episode of the Climate Correction Podcast, host Shannon Maganiezin sits down with the team behind the newly released report, Voices of Florida Farmers: Building a Circular Bioeconomy, to explore how the state's farmers, ranchers, foresters, and aquaculturists are producing more with less land, water, and resources, while keeping food affordable and local economies strong. 

Leading the conversation is Courtney Girgis, the report's lead author, who grew up on a beef cattle, corn, and soybean farm in northern Missouri and now writes about agriculture from her family's small-acreage farm in Oklahoma. Courtney unpacks what a "circular bioeconomy" means in practice: an approach to agriculture that moves away from the linear "make, use, waste" model and instead keeps nutrients, water, and materials cycling, starting with healthy soil and extending outward into partnerships across the food system. 

Joining her are three of the Florida producers featured in the report. Beaver Yoder, a Florida Panhandle cattle rancher, partners with neighboring crop farmers to graze his herd on cover crops between cash crop seasons, a practice that builds soil health, fertilizes fields, and creates a new revenue stream for everyone involved. Lanette Sobel, founder of Fertile Earth Worm Farm (now the largest commercial composting operation in South Florida), works across a wide network of distributors, food pantries, and farms to make sure food scraps go to their "highest and best use," feeding people first, then animals, then soil. Timothy Solano, a second-generation clam farmer and operations manager at Cedar Key Aquaculture Farms, raises clams that filter pollutants like nitrogen and carbon from Florida's coastal waters before being harvested for sale at Costco and Whole Foods. The clams' crushed shells go on to repair roads and surface local school parking lots. 

Together, the conversation moves from real-world examples of circularity on the farm and on the water, to the regulatory and economic obstacles that keep these practices from being more widespread, and to what listeners can do to support a more circular Florida. Along the way, the guests speak candidly about the realities of thin margins, volatile markets, red tide, local ordinances, and the long arc of agriculture's shift from generalist to specialist, and back again. 

Voices of Florida Farmers: Building a Circular Bioeconomy was made possible through a grant from VoLo Foundation. The full report is a substantive look at the 44,400 farms and ranches that make up Florida agriculture, the pressures they face from rapid development and a changing climate, and the policy, research, and market support that would allow them to go further in cycling nutrients, rebuilding soil, sequestering carbon, and strengthening local economies. The link is in the show notes. Florida agriculture deserves your attention, and this report is a great place to start. 

Links:

Read the Report: bit.ly/Florida-Voices-Circular-Bioeconomy   

Florida Smart Agriculture's work:  www.solutionsfromtheland.org/flcsa  


Connect with Beaver Yoder: https://www.thisfarmcares.org/steveyoder
Connect with Lanette Sobel: https://fertileearth.net/
Connect with Timothy Solano: https://www.instagram.com/clamcaptain/
Learn more about "Fresh from Florida": https://followfreshfromflorida.com/

Season 6 | Episode 135
Episode Title: When the Grid Goes Down: Decarbonizing Disaster Response
When disaster strikes, most people see only devastation. Will Heegaard, founding director of The Footprint Project, sees an opportunity. His perspective was shaped by his work as a paramedic deploying solar refrigeration during the Ebola outbreak in West Africa with International Medical Corps, and by hands-on disaster relief with Team Rubicon across Louisiana, Minnesota, and Puerto Rico, Will developed a guiding philosophy rooted in working with disruption rather than against it. In this episode, he brings that lens to one critical intersection in climate action today: what happens when the communities most battered by climate-driven disasters are also the ones least equipped to rebuild.
The Footprint Project was founded on a simple but radical premise: every disaster is a rebuilding moment, and every rebuilding moment is a decarbonization opportunity. Will walks us through the organization's mission to deploy clean energy and sustainable technologies directly into disaster response and reconstruction, turning cascading climate emergencies into entry points for long-term resilience. Rather than treating green infrastructure as a luxury reserved for later-stage recovery, The Footprint Project embeds it on the front lines from day one.
Central to that model is the Beehive Microgrid, a portable, scalable clean energy system designed to power frontline community organizations when the grid fails. Will explains how these microgrids work, who they serve, and why putting energy sovereignty in the hands of local organizations is as important as the technology itself. He also shares on-the-ground examples from recent projects along the Gulf Coast, in Appalachia, the Caribbean, and California that show how this approach works in real communities.
With the 2026 hurricane season here, Will closes with something rare in climate conversations: concrete, actionable guidance. From individual households to community coalitions, he outlines what meaningful preparedness looks like before the next storm makes landfall.

Hospitals exist to protect human health, yet they sit squarely on the front lines of climate risk. They are among the most energy-intensive buildings in our economy, operating 24/7 with zero tolerance for failure. The healthcare sector itself is a significant contributor to greenhouse gas emissions. A difficult paradox emerges: how do you care for people without contributing to the very conditions that make them sick? In this episode of the Climate Correction Podcast, we explore how one children's hospital is tackling that challenge head-on, turning sustainability into a core element of clinical and operational strategy. 

Our guest is Mike Solak, Executive Director of Design, Construction, and Infrastructure at Nicklaus Children's Hospital. With decades of experience on both sides of the healthcare construction equation, as a hospital owner-operator and as a consultant on large capital projects, Mike brings a rare, dual perspective on what it takes to move an institution from sustainability intentions to measurable impact. We dig into why hospitals consume more than 2.5 times the energy per square foot of the average commercial building, and what is really driving that footprint. Mike walks through the first concrete decisions and investments that put Nicklaus Children's on the map as a national sustainability leader, and which data points proved most persuasive in winning over finance teams, facilities staff, and executive leadership. 

The conversation digs into the cost of sustainability improvements, especially when viewed through the lens of power disruptions, fuel price volatility, extreme heat, and flooding. Mike makes the case that the investment in energy efficiency and resilience planning lowers operating costs over time, reduces risk exposure, and strengthens reliability, while also directly translating into better patient safety and continuity of care for one of healthcare's most vulnerable populations. This episode offers practical guidance for hospital leaders who want to act but feel overwhelmed, including the first one or two steps that can be taken over the next year to deliver both financial and climate returns. This is a solutions-focused look at how hospitals can protect their patients, their bottom line, and the communities they serve.

Season 6, Episode: 133
Peatlands 101 - Florida's Hidden Climate Superpower
In this episode, we're joined by two leading scientists from The Nature Conservancy to explore one of the most under-recognized natural climate solutions on the planet: peatlands.
Catherine Fitzgerald, global lead for peatlands at The Nature Conservancy, brings a wealth of expertise in unlocking equitable and durable opportunities to conserve and restore peatlands worldwide. With a Master of Environmental Management from Duke University and years of experience as a professional wetland scientist, Catherine leads TNC's global work to protect these ecosystems for climate, water, and people.
Morgan Higman, climate strategy director for The Nature Conservancy in Florida, focuses on accelerating clean energy and natural climate solutions across the state. Her doctoral research in public administration and policy at Florida State University's Askew School was supported by the National Science Foundation, the U.S. Department of Energy and the Environmental Research and Education Foundation.
Peatlands are ancient wetlands made up of layers of partially decayed plant matter that have accumulated over thousands of years. Bogs, swamps, and fens all fall into this category. Though they cover just 3% of the planet, peatlands store one-third of the world's soil carbon and 10% of its freshwater. That's more carbon than all the world's forests combined. Healthy peatlands filter water, buffer communities against floods and drought, reduce wildfire risk, and support unique plant and animal species. When drained or disturbed, they flip from carbon sinks to carbon sources, releasing stored greenhouse gases and compounding the very climate risks they once helped prevent.
Catherine and Morgan walk us through why Florida is a standout state for peatland restoration. A 2025 TNC spatial analysis identified Florida as having some of the greatest restoration potential in the Southeast, with the St. Johns River Water Management District emerging as a priority area. With support from VoLo Foundation, TNC is conducting a deep-dive assessment of high-opportunity sites across the region, bringing together water management districts, local landowners, scientists, and community partners to identify lighthouse projects that can catalyze action at scale.
This work is part of TNC's broader global peatland strategy, with active initiatives across more than a dozen countries and states, including North Carolina, Minnesota, Colombia, and Mongolia. In North Carolina alone, TNC was recently awarded a $200 million EPA grant to restore and protect approximately 43,000 acres of peatlands. Florida's program builds directly on those decades of groundwork, with the goal of creating a replicable framework for the entire Southeast.
Learn more:
The Nature Conservancy — Peatlands: https://www.nature.org/en-us/what-we-do/our-priorities/tackle-climate-change/climate-change-stories/peatlands-natural-climate-solutions/
Video 1: https://m.youtube.com/watch?v=lK9XVXdwTH8
Video 2: https://www.youtube.com/watch?v=V10SXNNcbuU
Study on protected peatlands and where they are: The Society for Conservation Biology
TNC Naturebase (Natural Climate Solutions Tool): https://naturebase.org
VoLo Foundation: https://www.volofoundation.org