Developed countries must increase contributions to achieve at least $20 billion per year biodiversity target

Press Release

October 18th 2024

NEW data finds over half of all countries signed up to commit at least $20 billion (£15.6 billion) a year in international biodiversity finance are providing less than 50% of their ‘fair share’. ODI’s ‘fair share’ methodology was the first study to measure how much each individual developed country should be providing to developing countries in order to keep the commitment they made in the landmark 2022 Kunming-Montreal Global Biodiversity Framework (GBF). Our new findings draw upon the OECD’s latest annual report, issued in September. The next edition of this series will be out in early 2025. 

Read the full report here.

Katy Roxburgh
OECD report on international biodiversity finance shows progress but also raises concerns

Official Statement

September 18, 2024

On September 18, the Organisation for Economic Co-operation and Development (OECD) released its annual report of the main trends in international biodiversity finance. In response to the report, Campaign for Nature issues the following statement and an analysis of the report to highlight encouraging trends, areas of concern and recommendations for moving forward.

Read the full statement here.

Katy Roxburgh
Rich Countries Must Meet Their Biodiversity Financing Pledges

Project Syndicate

July 11 2024

By Mary Robinson - Two years ago, developed countries pledged to provide the Global South with at least $20 billion annually by 2025 to help preserve 30% of the world’s land and oceans. But a new report reveals that most countries have failed to contribute their fair share, severely impeding our ability to achieve crucial climate goals.

Read the full op-ed here.

Fighting climate change: doomed for failure unless we focus on nature-based solutions

Politics Home

10 July 2024

By Lord Zac Goldsmith - We’re now less than one year away from that target deadline and new research from the ODI, commissioned by the Campaign for Nature, finds that unfortunately we are a long way off. According to the latest figures available from the OECD only two countries were paying their fair share of this funding that we agreed to, and the UK is not one of them. On the contrary we are some way from keeping our word and doing our part.

Read the full op-ed here.

Countdown to extinction: Australia must lead the way on biodiversity funding

The Canberra Times

19 June, 2024

By Mike Rann - Australia should be proud that we are contributing significantly more than the likes of the UK, Canada or Switzerland, but now we need a last push to meet our commitments.  A crucial new report by the ODI, commissioned by the Campaign for Nature, shows the scale of the global challenge. It’s one that Australia is uniquely positioned to help solve.

Read full op-ed here.

ODI Releases Report Apportioning $20bn Commitment
 

Press Release

June 20, 2024

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.

Read the full report and our recommendations here.

 
Katy Roxburgh
The G7 Have A Duty To Keep Nature On Top Of The Global Agenda

Open Letter

April 22, 2024 

The CfN Global Steering Committee constitutes the highest-profile political group working to safeguard nature. This esteemed group of former heads of state, ministers, diplomats, and scientists has tirelessly championed the global goal to protect and conserve at least 30% of the world’s lands and waters by 2030. Against the backdrop of increasingly concerning headlines regarding climate change and nature loss, they are urging G7 leaders to prioritize the delivery of commitments made to invest in nature. The full letter can be read here.

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‘Illusionary’ biodiversity credits enable ‘magical thinking’, non-profit claims

Carbon Pulse

11 January, 2024

Biodiversity credit markets risk distracting governments from their role in financing nature by taking up limited time and capacity, the non-profitCampaign for Nature has claimed in a paper. “Inflated” claims on the potential scale of voluntary biodiversity credit markets could result in governments abdicating their public responsibilities for nature, the campaign group said. Mark Opel, the conservation finance adviser at Campaign for Nature, said: “Biodiversity credits … enable magical thinking that somehow innovative finance is going to come to the rescue and meet the promises in the Global Biodiversity Framework (GBF), without any additional government changes in policy.”

Full article here.

Official Statement - One Year after COP15

Official Statement

15 December, 2023

One year ago today the world agreed to a landmark plan – the Kunming-Montreal Global Biodiversity Framework (KM-GBF) – to halt and reverse global biodiversity loss by 2030. The plan was headlined by the science-based target to protect or conserve at least 30 percent of the planet’s land and ocean by 2030 (30x30), marking the most ambitious global nature conservation strategy ever established. The plan also stressed the critical role of Indigenous Peoples and local communities as stewards of nature and set finance targets to close the biodiversity finance gap, including a near term target to increase international biodiversity finance to at least $20 billion per year by 2025.

Read full statement here.

COP15, 30x30Katy Roxburgh
Can COP28 help put a key nature agreement into action?

Conext News - Op-Ed

29 November, 2023

By Former President Mary Robinson and Rita El Zaghloul, HAC for N&P Director - We currently face two urgent crises – nature loss and climate change – and both pose catastrophic risks to humanity. The two issues are inextricably linked. We can’t address the climate crisis without nature, and we can’t address the nature crisis without drastically cutting emissions.

Read the full article here.

We need nature for climate action – and climate action for the future of nature

The Daily Maverick

23 November 2023

By Hailemariam Desalegn and Thomas Crowther - We can’t address the climate crisis without nature, and you can’t address the nature crisis without cutting emissions. Despite there now being a growing recognition of the critical importance of nature, it often remains in the backwaters of global climate discussions.

Read the full article here.

Campaign for Nature calls for inclusivity ahead of COP28

Daily Star Kenya

13 October 2023

Campaign for Nature has urged stakeholders to include both climate and nature solutions for the most affected individuals in local communities.  In an interview with the Star, the director Brian O’Donnell said it was time for indigenous people to have their rights upheld. "Climate and nature solutions should be inclusive and equitable. Not forgetting the financial bit, which should get to the people really affected by climate change," O’Donnell said.


Read more here.

CfN Finance Lead Discusses Limitations of Biodiverstiy Credits in Financing Nature Conservation

Panel Discussion

October 3, 2023

Campaign for Nature’s Finance Lead Mark Opel, spoke alongside Mariana Sarmiento, CEO of Terrasos, at the 2023 Building Bridges Summit on the future of nature markets. The debate focused on what role should nature credit markets have in financing biodiversity and on what terms, Mark argues that we must not overstate the role Biodiversity Credits can and should play and should instead be foused on delivering public finance.

Watch the full discussion here.

Katy Roxburgh
Will a new global fund deliver for nature?

China Dialogue

September 18, 2023

O’Donnell believes that voluntary private financing of the Global Biodiversity Framework is a myth. “It’s convenient for governments to try to pass the responsibility off to the private sector, but the only way the private sector will truly fund biodiversity is if it’s required to. Governments either have to put the money up themselves, or create a legal and financial framework that requires or incentivises the private sector to do it.”

Read the full article here.

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