Posts in finance
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.

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.

30x30, finance, G7Katy RoxburghG7
‘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.

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.

30x30, finance, COP15Katy Roxburgh
Why ministers gathering in Canada must keep their $20-billion promise to nature

Vancouver Sun Op-Ed

24 August, 2023

Chief Frank Brown and Russ Feingold

As B.C. faces drought, heatwaves, and the worst wildfire season in history, it is increasingly evident that serious consequences of climate change are with us now. To confront these impacts, scientists have said that we need transformational change, and that must begin with bold action from governments.

Read the full article here.

Nature fund launched but financing questions remain

Climate Home News

28 August, 2023

A new global fund supporting the protection of nature in developing countries has been launched, but questions remain over how it will be financed.The Global Biodiversity Framework Fund (GBFF) aims to help countries reach the nature protection targets set by the breakthrough Kunming-Montreal biodiversity deal signed last year.

The fund, which will contribute to the goal of protecting 30% of the world’s land and water ecosystems by 2030, has been set up by the Global Environmental Facility (GEF), a multilateral financial partnership.

Read the full article here.

GSC Issue Open Letter to Governments Urging Them To Prioritize Efforts to Increase Biodiversity Financing

Media Statement

August 16, 2023

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 30x30 goal since its inception and is now issuing a clarion call to world leaders to urgently and ambitiously confront the continuing loss of nature and to prioritize commitments made to increase biodiversity financing immediately.

The letter can be read here.

Campaign for Nature Statement On Newly Announced Global Biodiversity Fund

Media Statement

30 June, 2023

The approval by the Global Environment Facility’s (GEF) governing board to establish a new fund to finance the implementation of the Kunming-Montreal Global Biodiversity Framework (KMGBF) is a welcome step forward in the urgent need to mobilize more funding for nature in developing countries where biodiversity is concentrated.

Read the full statement.

Battles over funding could threaten historic effort to save species

Nature

20 June, 2023

Brian O’Donnell, the director of Campaign for Nature, a conservation advocacy group based in Durango, Colorado, says that the success of the framework depends on donor countries making good on their pledges to increase biodiversity funding. In addition to agreeing to contribute $30 billion annually by 2030, wealthy countries said that they would help to find $200 billion per year from private and public sources by 2030. But the countries have not yet started to deliver on these promises.

Read more.

Governments Must Meet Their Biodiversity Pledges

Project Syndicate - Op-Ed

5th June, 2023

Her Excellency Ellen Johnson Sirleaf - My work has taken me far and wide, across oceans and vast expanses of land, and I have been lucky enough to see firsthand some of the richest biodiversity hotspots on Earth. But at the end of the day, I always return home – to Liberia, to Africa, which offers the most extraordinary natural landscape and wildlife. The African continent is undoubtedly the planet’s biodiversity powerhouse.

Read more.

The United States Needs to Lead on Biodiversity

Daily Kos - Op-Ed

22 May, 2023

If the US wants 30 by 30 to succeed globally we urgently need all leaders, President Biden included, to publicly affirm their commitment to numeric financial targets, including the financial commitment of $20B in international biodiversity finance from developed to developing countries by 2025. The climate section of the leader’s statement noted the numerical target of $100 billion for international climate finance, and biodiversity requires the same level of specificity for transparency and accountability.

Read more.

Wealthiest Governments Must Prioritise The Biodiversity Crisis and Deliver On Commitments Made At COP15

Media Statement

May 20, 2023

On the eve of World Biodiversity Day, we, the undersigned, are calling on the wealthiest nations to prioritise urgent action to protect and restore biodiversity and just transition their economies to be nature positive. We are encouraged that the G7 leader’s statement reaffirmed a commitment to the landmark Kunming-Montreal Global Biodiversity Framework and pledged to meet its goals and targets. 

Read full statement.

At G7 meeting, nature needs as much focus as fossil fuel phase-out

Context News - Op-Ed

18 May, 2023

We are facing two parallel crises: climate change and global biodiversity loss. Climate change has captured most of the headlines, but scientists say the nature crisis is equally or even more important. We can't solve one without solving the other. A landmark assessment of global biodiversity in 2019 warned that nature is declining at rates unprecedented in human history.