Biodiversity Credits Among Ways to Boost Funding to $200 Billion a year, Cut Harmful Incentives by $500 Billion (1)

By Mathew Carr

Dec. 18-19, 2022 — This thread is a super-cool overview.

Humanity missed all 2020 targets set in 2010.


The United Nations biodiversity conference is wrapping up in Montreal and one of the texts (see below) sets out the way forward.

The world seeks to cut subsidies harmful to biodiversity by $500 billion a year by 2030 and boost finance by $200 billion by the same year.

Changes to markets could include payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, the document said.

The document, labelled a non paper and draft, was created today and said:

Targets 18 and 19 are key as they address bad incentives that are making nature loss such an acute crisis, and seven ways to adjust policy, markets and finance in favor of biodiversity conservation.

Identify 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.
Substantially 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 flows from developed
countries, 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
(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
(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate
(f) Enhancing the role of collective actions, including by indigenous peoples and local
communities, Mother Earth centric actions and non-market-based approaches including community based
natural resource management and civil society cooperation and solidarity aimed at the conservation of
(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use;

Vintage cynomorium plant. Original from Biodiversity
Vintage cynomorium plant. Original from Biodiversity by Biodiversity Heritage Library is licensed under CC-CC0 1.0

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