
UNEP FI 2009 Global Roundtable
Why the Butterfly?
It takes a monarch butterfly around 35 days to complete its life cycle. Change happens for monarch when the caterpillar morphs into chrysalis and then into a butterfly.
Its colourful, unpalatable flight and behavioural patterns result in its not being eaten by predators. As a result, the Monarch butterfly enjoys a safe and sustainable life cycle. Interestingly, some butterflies have evolved to look similar in order to escape being eaten. This is how the monarch prompts change in the ecosystem.
In the wake of the financial crisis governments and private sector are battling to support the financial system and rebound economic growth. The credit crunch in 2008 holds many key lessons for the future; the economic crisis it spurred will, like the monarch does in the insect world, prompt a change in finance and ultimately in the direction of economic growth.
UNEP FI's Butterfly is landing in Cape Town this year to play an essential role in framing the contours of the new global financial architecture through its unparalleled Global Roundtable around the theme of "Financing change. Changing finance".
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