Mobilizing finance for biodiversity

This landmark agreement established a comprehensive package to guide the conservation of biodiversity, the sustainable use of its components and the fair and equitable sharing of benefits derived from the utilization of genetic resources. The Framework sets ambitious action-oriented targets for 2030, and
global goals to achieve the vision of living in harmony with nature by 2050. Achieving this vision requires averting harmful incentives that damage biodiversity and mobilizing additional positive financial flows for
biodiversity. This will contribute to closing the biodiversity finance gap, currently estimated to stand at $700 billion per year. While governments are expected to further mobilize public funds to fill this gap, there is a need for substantially increasing private finance mobilization and incorporating biodiversity into private financial decision making. The effective implementation of the Framework requires a ‘whole-of-government’ and ‘whole-of￾society’ approach. This includes participation of various actors within the financial system, including governments, central banks, private and public institutions. These actors can help to play an important role in enabling economic activities and can influence the mobilization
of resources for those that deliver positive outcomes for biodiversity or, more importantly, in
aligning financial flows to halt biodiversity loss.

source:
https://resources.unep-wcmc.org/products/WCMC_RT695