This national target, even may be stated initiated for the first time, aims to significantly and progressively increase the mobilization of financial resources from domestic, international, public and private sources to support the effective and timely implementation of the national biodiversity programme and the relevant projects. The target promotes the development of sustainable financing mechanisms, strengthens biodiversity financing strategies, improves the efficiency, transparency and effectiveness of financial resource allocation, and enhances coordination among relevant institutions and funding partners. It also seeks to leverage innovative financing approaches and strengthen international cooperation to ensure adequate, predictable and sustainable financial resources, through creation of incomes for instance, for biodiversity conservation, the sustainable use of biodiversity, and the fair and equitable sharing of benefits arising from the utilization of genetic resources as well as public awareness and education.
- -Development of programs and mechanisms for mobilizing national (Governmental and non- governmental) and international financial resources for implementing NBSAP
- Establishing and enhancing private and non-governmental investment mechanisms in biodiversity conservation and sustainable use
- Generation of sustainable revenue from tourism and responsible biodiversity-based enterprise/activities
- Establishing mechanisms for leveraging corporate and organizational social responsibility
- Activating the National Environmental Fund in line with Biodiversity conservation and Restoration
- Developing and implementing support programs for biodiversity conservation–related businesses
- Establishing economic and technical incentives aimed at developing sustainable agriculture, lowering water usage, and facilitating the use of green technologies
- Establishing mechanisms for Payments for Ecosystem Services (PES)
- Increasing financial credits for biodiversity conservation from environmentally harmful subsidy reforms
| Global Targets | Degree of Alignment |
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. | High |
GBF-T18. Reduce harmful incentives by at least $500 billion per year GBF-T18. Reduce harmful incentives by at least $500 billion per yearIdentify by 2025, and eliminate, phase out or reform incentives, including subsidies, harmful for biodiversity, in a proportionate, just, fair, effective and equitable way, while substantially and progressively reducing them by at least 500 billion United States dollars per year by 2030, starting with the most harmful incentives, and scale up positive incentives for the conservation and sustainable use of biodiversity. | Medium |
GBF-T20. Capacity-building and development, technology transfer, and technical and scientific cooperation for implementation is strengthened GBF-T20. Capacity-building and development, technology transfer, and technical and scientific cooperation for implementation is strengthenedStrengthen capacity-building and development, access to and transfer of technology, and promote development of and access to innovation and technical and scientific cooperation, including through South-South, North-South and triangular cooperation, to meet the needs for effective implementation, particularly in developing countries, fostering joint technology development and joint scientific research programmes for the conservation and sustainable use of biodiversity and strengthening scientific research and monitoring capacities, commensurate with the ambition of the goals and targets of the framework. | Medium |
GBF-T21. Data, information and knowledge for decision-making is available GBF-T21. Data, information and knowledge for decision-making is availableEnsure that the best available data, information and knowledge, are accessible to decision makers, practitioners and the public to guide effective and equitable governance, integrated and participatory management of biodiversity, and to strengthen communication, awareness-raising, education, monitoring, research and knowledge management and, also in this context, traditional knowledge, innovations, practices and technologies of indigenous peoples and local communities should only be accessed with their free, prior and informed consent[1], in accordance with national legislation.
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[1] Free, prior and informed consent refers to the tripartite terminology of “prior and informed consent” or “free, prior and informed consent” or “approval and involvement”. | Medium |
GBF-T22. Ensure participation, justice, and rights for indigenous peoples and local communities, women, youth persons with disabilities and environmental defenders GBF-T22. Ensure participation, justice, and rights for indigenous peoples and local communities, women, youth persons with disabilities and environmental defendersEnsure the full, equitable, inclusive, effective and gender-responsive representation and participation in decision-making, and access to justice and information related to biodiversity by indigenous peoples and local communities, respecting their cultures and their rights over lands, territories, resources, and traditional knowledge, as well as by women and girls, children and youth, and persons with disabilities and ensure the full protection of environmental human rights defenders. | Medium |
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. | Medium |
GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impacts GBF-T15. Businesses assess and disclose biodiversity dependencies, impacts and risks, and reduce negative impactsTake legal, administrative or policy measures to encourage and enable business, and in particular to ensure that large and transnational companies and financial institutions:
(a) Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios;
(b) Provide information needed to consumers to promote sustainable consumption patterns;
(c) Report on compliance with access and benefit-sharing regulations and measures, as applicable;
in order to progressively reduce negative impacts on biodiversity, increase positive impacts, reduce biodiversity-related risks to business and financial institutions, and promote actions to ensure sustainable patterns of production. | Medium |
GBF-T14. The multiple values of biodiversity are integrated into decision-making at all levels GBF-T14. The multiple values of biodiversity are integrated into decision-making at all levelsEnsure the full integration of biodiversity and its multiple values into policies, regulations, planning and development processes, poverty eradication strategies, strategic environmental assessments, environmental impact assessments and, as appropriate, national accounting, within and across all levels of government and across all sectors, in particular those with significant impacts on biodiversity, progressively aligning all relevant public and private activities, fiscal and financial flows with the goals and targets of this framework. | Medium |
The national target has been developed by recognizing that the effective implementation of the National Biodiversity Strategy and Action Plan requires adequate, predictable and sustainable financial resources from domestic, international, public and private sources. It reflects national circumstances, priorities and institutional capacities while remaining consistent with the objectives of the Convention on Biological Diversity, the Kunming–Montreal Global Biodiversity Framework and other relevant international instruments. A whole-of-government and whole-of-society approach has been incorporated by promoting collaboration among government agencies, financial institutions, the private sector, civil society, academia and development partners. Cooperation and synergies are strengthened through coordinated financing mechanisms, public-private partnerships and collaboration with international financial mechanisms and development partners. The target promotes access to financial resources through the establishment and strengthening of biodiversity financing mechanisms, including the Biodiversity Fund, payments for ecosystem services (PES), support for biodiversity-related enterprises and the mobilization of private sector investment. It also encourages the application of science and innovation to improve biodiversity finance planning, financial monitoring and resource allocation, thereby contributing to the effective, transparent and long-term implementation of national biodiversity priorities and the achievement of the goals and targets of the Global Biodiversity Framework.
This national target covers the key aspects of GBF Target 19 by promoting the substantial and progressive mobilization of financial resources from domestic, international, public and private sources to support the implementation of the National Biodiversity Strategy and Action Plan (NBSAP). It includes measures to strengthen biodiversity finance planning, establish and operationalize sustainable financing mechanisms, enhance private sector participation and public-private partnerships, and improve access to international financial resources. The target also supports the establishment of a Biodiversity Fund, the development of payments for ecosystem services (PES), the promotion of biodiversity-related businesses and sustainable nature-based tourism, and the reform of environmentally harmful incentives and subsidies, where appropriate. Furthermore, it aims to improve the effectiveness, transparency and accountability of biodiversity financing, strengthen institutional capacity and coordination, and contribute to the long-term financial sustainability of biodiversity conservation, the sustainable use of biodiversity, and the fair and equitable sharing of benefits arising from the utilization of genetic resources.