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Advancing More, Better and Faster Financing for Biodiversity and Ecosystem Services

Financial Resources and Mechanism

What is New

Mr. Braulio Dias, Executive Secretary, letter transmitting COP12 decisions to the financial mechanism, including updates under the Convention on Biological Diversity, 22 January 2015
USD 10.2 billion was the initial resource mobilization result of the Green Climate Fund: highlights of UNFCCC CP.20 and KP.10 decisions (8 January 2015)
Mr. Braulio Dias, Executive Secretary, Statement to the 47th meeting of the Council of the Global Environment Facility, 29 October 2014
Joint Summary of the Chairs of the 47th meeting of the Council of the Global Environment Facility

Issues for SBI-1 and COP-12

Financial Resources (Article 20)
Targets for resource mobilization: Further decides to review, at the thirteenth meeting of the Conference of the Parties, progress towards the above targets, and their adequacy, and to consider the need for appropriate action, based on information provided by Parties through the Financial Reporting Framework, including their respective identified resource needs, and taking into account their absorption capacities (decision XII/3, paragraph 3)
Strategy for resource mobilization: Requests the Executive Secretary to compile a synthesis of the information provided by Parties (Urges Parties to consider undertaking, as appropriate, a review and assessment of existing legislation and policies governing biodiversity financing mechanisms, with a view to identifying opportunities for mainstreaming biodiversity and strengthening current policies and their complementary safeguards, and to make information on this work available to the Executive Secretary, including practical experiences and lessons learned), for consideration by the Subsidiary Body for Implementation, at its first meeting (decision XII/3, paragraph 18)
Financial reporting, transparency and accessibility of information: (1) Requests the Executive Secretary to develop, for consideration by the Subsidiary Body on Implementation at its first meeting, options for strengthening systems of information on biodiversity-related international financial resource flows to developing countries, as well as on domestic resource flows, making use of the Financial Reporting Framework, with a view to further increasing transparency and accessibility of information to support the implementation of Article 20 of the Convention (decision XII/3, paragraph 27); (2) Requests the Executive Secretary, subject to the availability of resources, to facilitate the exchange of views and experiences on collective action of indigenous and local communities, and make this information available through the clearing house mechanism of the Convention and to the Subsidiary Body on Implementation at its first meeting for its consideration for update and provision of relevant guidelines (decision XII/3, paragraph 31)

Financial mechanism (Article 21)
Programme priorities: Requests the Executive Secretary to explore and report on ways in which the Conference of the Parties can best utilize the Strategic Plan for Biodiversity 2011-2020 and the Convention’s Protocols to set priorities for the financial mechanism within the context of the four-year framework of programming priorities for GEF-7 and to submit the report to the Subsidiary Body on Implementation for its consideration at its first meeting (decision XII/30, paragraph 10)
Determination of funding requirements: Decides, in anticipation of the seventh replenishment of the Global Environment Facility Trust Fund, to undertake, at its thirteenth meeting, the second determination of funding requirements for the implementation of the Convention and its Protocols, in line with the terms of reference contained in the annex to the present decision (decision XII/30, paragraph 11)

  • United Nations
  • United Nations Environment Programme