The aim of target is to ensure that the value of nature including biodiversity, ecosystems, and the services they provide is recognized and fully integrated into national economic planning, accounting, and budgeting systems.
Promote Natural-Capital valuation programs
Integrate Natural-Capital stocks into National wealth accounting
| Global Targets | Degree of Alignment |
GBF-T13. Fair and equitable sharing of benefits from genetic resources, digital sequence information and associated traditional knowledge GBF-T13. Fair and equitable sharing of benefits from genetic resources, digital sequence information and associated traditional knowledgeTake effective legal, policy, administrative and capacity-building measures at all levels, as appropriate, to ensure the fair and equitable sharing of benefits that arise from the utilization of genetic resources and from digital sequence information on genetic resources, as well as traditional knowledge associated with genetic resources, and facilitating appropriate access to genetic resources, and by 2030 facilitating a significant increase of the benefits shared, in accordance with applicable international access and benefit-sharing instruments. | |
GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international finance GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international financeSubstantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with Article 20 of the Convention, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year, including by:
(a) Increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030;
(b) Significantly increasing domestic resource mobilization, facilitated by the preparation and implementation of national biodiversity finance plans or similar instruments according to national needs, priorities and circumstances;
(c) Leveraging private finance, promoting blended finance, implementing strategies for raising new and additional resources, and encouraging the private sector to invest in biodiversity, including through impact funds and other instruments;
(d) Stimulating innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, with environmental and social safeguards;
(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate crises;
(f) Enhancing the role of collective actions, including by indigenous peoples and local communities, Mother Earth centric actions[1] and non-market-based approaches including community based natural resource management and civil society cooperation and solidarity aimed at the conservation of biodiversity;
(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use.
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[1] Mother Earth-centric actions: Ecocentric and rights-based approach enabling the implementation of actions towards harmonic and complementary relationships between peoples and nature, promoting the continuity of all living beings and their communities and ensuring the non-commodification of environmental functions of Mother Earth. | |
GBF-T12. Urban green and blue spaces enhanced for human well-being GBF-T12. Urban green and blue spaces enhanced for human well-beingSignificantly increase the area and quality and connectivity of, access to, and benefits from green and blue spaces in urban and densely populated areas sustainably, by mainstreaming the conservation and sustainable use of biodiversity, and ensure biodiversity-inclusive urban planning, enhancing native biodiversity, ecological connectivity and integrity, and improving human health and well-being and connection to nature and contributing to inclusive and sustainable urbanization and the provision of ecosystem functions and services. |
The government has recognized the importance of incorporating natural capital into national economic planning and has included this objective in national biodiversity strategies, sustainable development plans, and climate change adaptation frameworks.
Training programs and capacity-building workshops have been conducted for government officials, technical experts, and stakeholders to build knowledge and skills in natural capital accounting and ecosystem services valuation.
Public awareness campaigns and stakeholder consultations have been undertaken to promote understanding of the role of natural capital in economic development and to encourage stakeholder participation.
Developing and applying accounting frameworks to quantify and include the value of ecosystems and biodiversity in national economic accounts.
Assessing and recognizing the contribution of ecosystem services such as water purification, climate regulation, soil fertility, food security, and disaster risk reduction
Strengthening institutional and technical capacities to collect, analyze, and report on natural capital data.