Aligning financial flows to reach the global biodiversity goals in the “decade of delivery”
Almost two years have passed since the 15th Convention on Biological Diversity (CBD COP 15) took place in Montréal, Canada, where world leaders agreed on a set of goals and targets to halt and reverse nature loss by 2030- the Global Biodiversity Framework (GBF). The Kunming-Montreal agreement stimulated a reckoning to align public and private finance with the biodiversity goals and targets. The roots for this lie in Goal D, which is to “aligning financial flows with the Kunming-Montreal Global Biodiversity Framework and the 2050 Vision for biodiversity”.
As we have entered the “decade of delivery”, the time is right to get serious about aligning finance with biodiversity action. As of today, most financial flows, including investments, are out of sync with the goals of the Kunming-Montreal Agreement, with a magnitude of hundreds of trillions, moves around with little recognition of impact or dependency on nature. When governments meet in Nairobi, Kenya, over the next weeks (SBSSTA-26, 13-18 May; and SBI-4 meeting, 21-29 May), to discuss how to mobilize resources for the implementation of the Biodiversity Plan, we encourage them to address systemic challenges that are slowing down the alignment of public and private financial flows.
