The Kunming-Montreal Global Biodiversity Framework (GBF) has issued clear marching orders to coordinate financial flows aimed at halting and reversing nature loss. Since the adoption of the CBD at COP15, various actors within the financial system (governments, central banks, private and public institutions) have adopted a natural approach to financial decision-making, including nature-related risk assessments and sustainable investment strategies. Incorporating more biodiversity. This briefing note summarizes how the financial system has responded to GBF over the past two years, in line with the high-level roadmap ‘Aligning financial flows to the Kunming-Montreal Global Biodiversity Framework’ .
In many cases, our commitment to nature supports the realization of the Paris Climate Agreement. Most parts of the financial sector are committed to climate action, and this briefing note is a guide to lessons learned from and alignment with the financial industry’s climate change efforts. Still, it is possible to further increase efficiency between these areas. In the lead-up to COP16, many financial institutions are calling for stronger policy signals to further mobilize private finance towards the net-zero and nature-positive transition and steer our economy into a safe and fair operating area. I’m looking for. They call for clear guidance on measuring and disclosing nature-related risks, impacts and financial flows to avoid greenwashing and ensure meaningful biodiversity outcomes. Public development banks (PDBs), especially multilateral development banks (MDBs), are publicly commissioned and particularly active in promoting biodiversity through investment, policy integration and financial innovation, but they are not standardized. Challenges remain, such as the need for improved frameworks and stronger cooperation between countries. public and private sectors.
The full potential of the financial sector to support the realization of the GBF will depend on the continued development of regulatory and fiscal policies, integrated approaches to nature and climate, and biodiversity-related financial flows. and a strong framework for monitoring impacts. Over the next two years leading up to COP17, D3 indicator reporting should be piloted with mechanisms to establish clear links to national NBSAP priorities.
