This event aims at addressing the often overlooked yet profound economic and financial consequences of deforestation.

This event will delve into the intricate links between forest ecosystems and global economic systems, highlighting how nature loss affects the economy and financial system. Through the lens of deforestation as a primary driver of nature loss, this presentation will focus on the interplay between forest ecosystems and both economic and social dimensions. It will examine the economic and financial risks associated with deforestation, analysing key transmission channels such as supply chains, trade, and international governance.

The panel discussion will focus on persistent challenges in:

- progressing understanding nature loss in the context of price stability considerations

- developing stringent global forest governance despite progress made on the Global Biodiversity Framework

- opportunities for innovative policy interventions such as the role of trade, supply chains, and international forest governance to address deforestation and its risks.

Meet our speakers and chair

Elena Almeida is a senior policy fellow at the Grantham Research Institute’s Centre for Economic Transition Expertise (CETEx), focusing on nature-related financial risks and central banking. She led the NGFS-INSPIRE Study Group on biodiversity loss and financial stability and co-authored its key report. Previously, she worked on monetary policy at the Central Bank of Malaysia, sustainable finance at the UK Foreign Office, and served as a Climate Advisor at the Bank of England, leading its work on nature.

Pablo Pacheco is WWF's Global Forests Lead Scientist. Previously, he worked as Principal Scientist at the Center for International Forestry Research based in Bogor, Indonesia, focusing on forest governance, trade, and sustainable and inclusive value chains. He also worked at the Inter-American Institute for Cooperation on Agriculture, and conducted consultancy work for The World Bank and FAO. His main research areas focus on the governance of forests, smallholder and community forestry, forest management and supply chains, landscape transformation and agrarian change, drivers and dynamics of deforestation and forest degradation, and institutional arrangements for forest conservation, management and restoration, and sustainable value chains.

Luiz Awazu Pereira da Silva was Deputy General Manager of the Bank for International Settlements (BIS) from 2015 to 2023, also serving as acting Chief Risk Officer and chairing key committees on diversity, inclusion, and sustainability. Previously, he was Deputy Governor of the Central Bank of Brazil and held various roles at the World Bank in Washington DC, Tokyo, and southern Africa.

Robert D. Patalano is the Executive Director of CETEx. Prior to joining CETEx, he was Head of the Market Intelligence and Analysis Division at the Bank of England. His previous roles include Senior Counsellor and Head of the Financial Markets Division at the Organisation for Economic Co-operation and Development, member of the Financial Stability Board’s Secretariat, and a decade spent in analytical and managerial roles in the markets’ groups of the Federal Reserve Bank of New York and the European Central Bank. 

More about this event

Join us on campus or register to watch the event online at LSE Live. LSE Live is the home for our live streams, allowing you to tune in and join the global debate at LSE, wherever you are in the world. If you can't attend live, a video will be made available shortly afterwards on LSE's YouTube channel.

The Grantham Research Institute on Climate Change and the Environment (@GRI_LSE) was established by the London School of Economics and Political Science in 2008 to create a world-leading multidisciplinary centre for policy-relevant research and training on climate change and the environment, bringing together international expertise from across LSE and beyond, including on economics, finance, geography, the environment, science, law, international relations, development and political science.

Hashtag for this event: #LSEEvents

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Featured image (used in source code with watermark added): Photo by Pok Rie via Pexels: https://www.lse.ac.uk/Events/2025/05/202505221830/consequences-of-deforestation.