1 / What is the Political Vision: A 10 Point Plan for Financing Biodiversity (10PP)?

• The 10PP is a non-legally binding political blueprint that defines a clear pathway for bridging the global biodiversity finance gap.

• Its aim is to galvanise political support for the actions needed across the whole of society to close the biodiversity finance gap in the next decade supporting delivery of Targets 14, 15, 18 and 19 of the Kunming-Montreal Global Biodiversity Framework (GBF).

• It defines the role of all sources of finance (domestic, international, public, private) with a particular focus on how international public finance can support developing countries to accelerate the transition to become nature positive.

• Our shared challenge is to mobilise collective action now from governments, International Financial Institutions, regulators, the private sector, philanthropists, and civil society by unlocking finance for nature and demonstrating nature-positive outcomes to avoid the worst impacts.

• The Plan was launched in the side-lines of UNGA-77 and will undertake its first stocktake at UNFCCC COP28

2 / Why should we endorse the Plan?

• The 10PP is our most credible and ambitious blueprint for how to mobilise the resources needed to bridge the biodiversity finance gap and deliver on the Kunming Montreal Global Biodiversity Framework. Wide global endorsement sends a strong signal of shared ambition and solidarity from governments across the world.

• Endorsements from diverse geographical and economic regions will be key to realising the vision.

• By working together, we can build support to increase financial flows from all sources, delivering a comprehensive finance package for closing the gap and halting biodiversity loss.

• We strongly invite all countries to endorse the Plan, to promote further country endorsements through your engagements, and work with us to turn it into action.

3 / What are the next steps to turn the Plan into action?

• To maintain momentum, we will be hosting a 10 Point Plan Stocktake event at UNFCCC COP28, the midway point between CBD COPs15 and 16. We will showcase positive stories happening internationally against each of the 10 Points and highlight where progress is still needed. This event will allow for further collaboration and drive ambition towards achieving the goals and targets of the Kunming Montreal Global Biodiversity Framework.

4 / How is the Plan related to the Kunming Montreal Global Biodiversity Framework (GBF)?

• The Plan complemented the formal CBD negotiations processes. It was and is not meant to substitute any text or represent a particular negotiating position. The Plan draws upon agreed multilateral text and focuses on identifying areas of mutual agreement.

• It aims to raise the political profile of financing nature, as well as build mutual trust and understanding around a common political vision. That vision now spans 41 countries across 6 continents.

• It signals the need at the highest political level to ratchet ambition from all countries and private actors in closing the biodiversity funding gap by both mobilizing at least $200 billion per year in domestic and international biodiversity-related funding from all sources; and reducing harmful subsidies by at least $500 billion per year by 2030.

• Crucially, the upcoming stocktake of the Plan, at UNFCCC COP28, will allow space for the sharing of good practice in achieving the aims of the KMGBF and further driving international action.

5 / How do we endorse the Plan?

• To confirm your country’s endorsement of the 10PP, please send written confirmation of endorsement to naturefinance@defra.gov.uk