The conclusion of the 15th Conference of Parties to the UN Convention on Biological Diversity saw the adoption of the Kunming-Montreal Global Biodiversity Framework (GBF).
Amidst a dangerous decline in nature threatening the survival of 1 million species and impacting the lives of billions of people, the GBF aims to halt and reverse nature loss. The framework consists of global targets to be achieved by 2030 and beyond to safeguard and sustainably use biodiversity.
Now that a framework has been adopted, accelerating action across sectors and society toward the realization of the goals and targets of the GBF is urgent to address the key drivers of biodiversity loss and lift the nature agenda.
Four overarching goals to be achieved by 2050 focus on ecosystem and species health including to halt human-induced species extinction, the sustainable use of biodiversity, equitable sharing of benefits, and on implementation and finance to include closing the biodiversity finance gap of $700 billion per year.
Among the twenty-three targets to be achieved by 2030 include 30 per cent conservation of land, sea and inland waters, 30 per cent restoration of degraded ecosystems, halving the introduction of invasive species, and $500 billion/year reduction in harmful subsidies.
The United Nations Biodiversity Conference (COP15) ended in Montreal, Canada, on 19 December 2022 with a landmark agreement to guide global action on nature through to 2030. Chaired by China and hosted by Canada, COP 15 resulted in the adoption of the Kunming-Montreal Global Biodiversity Framework (GBF).
Politicians, scientists and environmental campaigners are gathering in Montreal, Canada, this week for negotiations on a global deal to safeguard the planet’s dwindling biodiversity.
The second edition of the State of Finance for Nature report launched today reveals that nature-based solutions are still significantly under-financed. If the world wants to halt biodiversity loss, limit climate change to below 1.5C and achieve land degradation neutrality by 2030, current finance flows to NbS must urgently double by 2025 and triple by 2030. Delayed action is not an…
