Political Vision: The 10 Point Plan for Financing Biodiversity
The 10 Points: A Call to Action
The contribution of developed countries and other countries with capacity to provide international public finance
Donor countries will increase international finance and align relevant international development flows with the Global Biodiversity Framework to halt and reverse biodiversity loss.
1 / International financial flows
We encourage all developed countries and other countries and entities that can provide international finance to commit to increasing finance for biodiversity by mobilizing new, additional, predictable, and timely resources from all sources to developing countries, taking into account developing countries’ National Biodiversity Strategies and Action Plans (NBSAPs.) Increased funding should be commensurate with the ambition of the Post-2020 GBF and the commitments made by developing countries in their NBSAPs. Developed countries and other countries and entities that can provide international public finance should rapidly deliver their existing financial pledges, including those made at the 2021 One Planet Summit, the UN General Assembly, CBD COP 15.1 and UNFCCC COP26. Additionally, donor countries should ensure that their official development assistance does no harm to biodiversity and delivers nature-positive outcomes overall as part of a wider effort to achieve Agenda 2030.
2 / Synergies with climate finance
Several donor countries are maximizing co-benefits by mainstreaming and integrating climate and biodiversity finance by committing a specified share of their climate finance for nature. We encourage all donor countries and entities to dedicate a significant proportion of their climate finance for nature, recognizing that nature-based solutions can deliver significantly on the mitigation and adaptation actions needed to meet the Paris Agreement goals. Climate finance for nature-based solutions can make a significant contribution towards achieving biodiversity goals, though it will not cover all biodiversity finance needs. It therefore should be synergistic with, complementary to, and distinct from other sources of biodiversity finance, and donor countries and entities should ensure that climate-related, biodiversity-related, and other relevant ODA flows are transparently accounted for in line with international standards such as the OECD DAC Rio markers.
The contribution of all countries
All governments will increase domestic finance for biodiversity and ensure that public finance is invested in ways that protect and restore biodiversity and not undermine it.
3 / Harmful subsidies
Policy reforms to end or repurpose subsidies that are harmful to biodiversity can make an important contribution towards closing the biodiversity finance gap by reducing the pressure on biodiversity and thus reducing the financing needed to protect, conservation and restore. We commit to review national subsidies and to redirect or eliminate all subsidies and incentives harmful to biodiversity, and for nature-positive incentives to be scaled up as soon as possible. We call on international organizations such as Multilateral Development Banks (MDBs), UNDP and the OECD to provide methodological, technical and transition assistance that achieves these goals.
4 / Domestic resource mobilization
We commit to use financial and policy levers to mobilise more biodiversity finance domestically including through: appropriate fiscal policies, including those supported by natural capital accounting; green financial products; investments in green infrastructure and other nature-based solutions; payment for ecosystem services; and high integrity carbon markets to incentivise private sector flows. We strongly encourage a whole of government approach to develop and implement National Biodiversity Finance Plans or similar instruments in recipient countries, aligned with NBSAPs, to facilitate access to all available international financing.
The contribution of the private sector
Countries and REIOs will work with the private sector to better align private financial flows to become nature-positive, transforming negative impacts into positive ones, and to increase contributions to biodiversity.
5 / Private sector alignment
We emphasise the critical role of private finance in transforming economies to become resilient, climate-neutral, nature-positive and less polluting. We call on businesses to assess and disclose their nature-related risks and dependencies, and to set quantitative targets to reduce negative impacts and to increase positive impacts. As governments, we commit to developing policies to facilitate alignment of financial flows and strengthen synergies between efforts to address biodiversity loss, climate change and pollution.
6 / Philanthropy
We welcome the contributions from the philanthropic sector and other non-governmental actors – from the grassroots to major institutions and individuals - and encourage further contributions to catalyze innovative solutions for implementation of national commitments to achieve the Post-2020 Global Biodiversity Framework.
The contribution of international financial institutions
International financial institutions will increase their contributions to nature finance, streamlining and aligning financial flows to become nature-positive.
7 / Multilateral development banks (MDBs) and international financial institutions (IFIs)
We welcome the MDB Joint Statement on Nature, People and Planet. We encourage other MDBs and IFIs to join, and urge MDBs to commit to clear and timely implementation and to report on their funding for biodiversity by CBD COP 15.2. We recognise that MDBs contribute significantly less to biodiversity finance than to climate finance and therefore call on MDBs and other IFIs to make concrete international biodiversity finance pledges before COP 15.2, and to commit to align their portfolios with the Post-2020 Global Biodiversity Framework, as they have agreed to do with the Paris Agreement.
8 / Access to funds
We recognise the need to continually improve multilateral financial mechanisms to enhance their contribution to the implementation of national commitments, Articles 20 and 21 of the CBD and the post-2020 Global Biodiversity Framework. We support the Global Environment Facility (GEF) as the financial mechanism for the CBD, and welcome the record-breaking $5.33 billion replenishment, with a 46% increase in finance under the biodiversity focal area. We call on all multilateral and bilateral funding agencies and mechanisms, particularly the GEF, to develop innovative and inclusive solutions to accelerate, simplify and streamline access to financial resources for developing countries as soon as possible.
9 / International monetary fund
Recognizing that climate change and biodiversity loss pose increasing threats to economies, we welcome the work of the IMF in providing tailored support and macrocritical advice to its members on their conservation and sustainable use of biodiversity and for their climate adaptation and mitigation needs. We encourage the IMF to further consider support to members, in line with its mandate, in managing the systemic risks posed by biodiversity loss and climate change through the Resilience and Sustainability Trust.
Building partnerships for biodiversity
All of society, across all sectors, will build partnerships to reverse biodiversity loss.
10 / We commit to working together in partnership with all sectors and all levels of society, including Indigenous Peoples, local communities, women and girls, youth and persons with disabilities to facilitate the implementation of the Post-2020 Global Biodiversity Framework, in particular to: provide technical assistance and capacity building to developing countries as needed to achieve the goals and targets; develop and implement updated NBSAPs, National Biodiversity Finance Plans or similar instruments, and harmful subsidies assessments; improve access to and utilization of financial assistance from bilateral and multilateral sources; and share knowledge and best practices.