A fair share of biodiversity finance? An update for COP16
New ODI research has found that only two out of 28 developed countries were contributing their fair share of an internationally agreed commitment to provide $20 billion per year in biodiversity finance to developing countries, with most of them needing to at least double their funding to help halt and reverse biodiversity loss across our planet. With just months to go until the agreed deadline, this report is sounding the alarm for an urgent and significant increase in nature funding.
Developed countries pledged to deliver at least $20 billion a year in international biodiversity finance by 2025. So who’s actually paying their fair share? This preliminary ODI analysis, released ahead of COP16 in Cali, ranks each developed country against its fair share—calculated by income, population, and historical ecological footprint. The good news: collective contributions jumped nearly a third in 2022, reaching 55% of the target and keeping donors roughly on track. The bad news: only three countries—Norway, Sweden, and Germany—are paying their fair share, while major economies like Japan, the UK, and Canada lag well behind. With budget cuts looming and questions about the quality of finance being counted, the report makes the case for a Biodiversity Finance Delivery Plan to hold countries to their promises.
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