Financing Nature: Closing the Global Biodiversity Financing Gap

The ‘𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐍𝐚𝐭𝐮𝐫𝐞: 𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐢𝐨𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐆𝐚𝐩’ report:
➡️ examines the economic & social values of #biodiversity, assesses the underlying market failures & indicates policy interventions & changes needed to halt biodiversity loss,
➡️ focuses on the biodiversity financing gap between the current annual capital flows toward global biodiversity conservation & the amount of funds needed to sustainably manage biodiversity & maintain #ecosystems integrity.

1️⃣𝑺𝑻 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
Countries must take immediate policy actions to protect their #nature & expand biodiversity conservation financing, such as subsidizing farmers to provide ecosystem services, avoiding major infrastructure development impacts on critical habitats, and investing in nature-based #climate solutions.

2️⃣𝑵𝑫 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
Government & philanthropic donors should use their funds strategically to support countries to implement crucial #financing mechanisms & to catalyze subsequent public & private sector #investment.

3️⃣𝑹𝑫 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
National & subnational governments should strengthen their regulatory & financial enabling conditions to significantly accelerate private sector actions & finance for biodiversity conservation, de-risking & incentivizing private sector investment, building in-country support for #sustainable commodity production, ensuring needed legal conditions.

4️⃣𝑻𝑯 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
Private sector actors should implement reforms to sustainable supply chains, harmful subsidy reform, natural infrastructure, biodiversity offsets, nature-based solutions & carbon markets, #green investment & investment risk management. Major companies should adopt science-based targets for biodiversity.

5️⃣𝑻𝑯 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
Governments & international agencies should improve tracking & reporting on biodiversity finance. Additional public funding should be secured to support OECD, UNDP’s BIOFIN initiative & the CBD Secretariat to enhance global finance #data collection & build capacity of governments to collect & share data.

6️⃣𝑻𝑯 𝑹𝑬𝑪𝑶𝑴𝑴𝑬𝑵𝑫𝑨𝑻𝑰𝑶𝑵
In the context of the UN Convention on Biological Diversity negotiations, Parties should agree to develop & implement National Biodiversity #Finance Plans (NBFPs) to guide the implementation of their national efforts toward the CBD’s new Global Biodiversity Framework. The NBFPs should address opportunities to mobilize resources at all levels & from all sources.

Sources:

https://www.nature.org/en-us/what-we-do/our-insights/reports/financing-nature-biodiversity-report